Cookson is to offer deferred members of its defined benefit scheme an enhanced transfer value to leave the scheme to cut its future liabilities.
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UK - The aggregate pension deficit for the UK's biggest companies dropped by 63% in the last year thanks to shifting indexation measures and continuing high levels of employer contributions.
Barclays has seen its UK pension scheme deficit drop by more than half in the last six months to £1.2bn.
The aggregate pension deficit for the UK's biggest companies dropped by 63% in the last year thanks to shifting indexation measures and continuing high levels of employer contributions.
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FTSE350 companies' combined pensions deficit stood at £38bn at the end of July, down slightly from £44bn at the end of June after a volatile month.
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Trustees of the Rentokil pension scheme have reached a provisional agreement with the sponsor on a plan to eliminate its £80m deficit.
The British Medical Association has lost its legal challenge on NHS widowers' pensions which could have cost the government more than £4bn.