Teachers accept GDST pensions offer

Giovannoni continued: “We are proud to have put forward an offer that is both forward-thinking and sector-defining in its design, since many independent schools have required teachers to take a pay cut to allow them to remain in the TPS.

“We are also committed to working with our heads, teachers and support staff to restore the spirit that is unique to the GDST community as we move forward together.”

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Benjamin Mercer is a senior reporter at FTAdviser's sister publication Pensions Expert