Pub group Mitchells & Butlers has closed its defined benefit pension scheme to future accrual helping it cut the fund's deficit by £112m in the last year.
The company - owner of the All Bar One and Harvester chains - announced it had agreed the closure as of 13 March in its half yearly report, released today. The report stated the scheme's IAS19 d...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date