UK Coal to close scheme to future accrual

clock

UK Coal, Britain's largest coal mining company, has confirmed its intention to close its defined benefit pension scheme to future accrual.

The company - which operates three deep mines in the Midlands and Yorkshire - revealed in its annual report and accounts, published today, that the deficit for its two funded defined benefit scheme...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Middle East conflict driving 'volatility' in pension transfer values

Middle East conflict driving 'volatility' in pension transfer values

XPS index shows transfer values decreased slightly during March to £142,000

Jasmine Urquhart
clock 15 April 2026 • 1 min read
Aggregate DB surplus falls to £263.8bn in March

Aggregate DB surplus falls to £263.8bn in March

Global market volatility leads to fall in both DB assets and liabilities

Jonathan Stapleton
clock 14 April 2026 • 3 min read
Middle East conflict leads to drop in DB scheme funding, Broadstone finds

Middle East conflict leads to drop in DB scheme funding, Broadstone finds

Sirius Index shows ongoing conflict in the Middle East caused a decline in funding levels

Martin Richmond
clock 10 April 2026 • 2 min read
Trustpilot