Ibstock confirms DB closure

James Phillips
clock • 1 min read

Ibstock will close its defined benefit (DB) scheme to future accrual from the end of the month, it has announced.

The brick maker first mooted the possibility in August, when it launched a consultation on the closure after its scheme fell from surplus to deficit. As of 30 June 2016, the scheme had an actuar...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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