Dee Valley Group turned its £2m pension scheme deficit into a surplus of £4m on an accounting basis over the last year, its preliminary results show.
The water supplier said the switch from to the Consumer Prices Index for future indexation saved the firm £3.2m. Other factors in the turnaround included better than expected asset returns (£0.5...
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