UK - AstraZeneca has injected £100m into its UK pension scheme.
The Anglo-Swedish pharmaceutical group’s £2bn pension scheme now has a 95% FRS17 funding level.
The AstraZeneca Pension Fund closed its defined benefit scheme to new members in 2002 and has started a defined contribution scheme.
The scheme reported an FRS17 deficit of £323m following the decline in the stock market over the last three years.
Finance director Jon Symonds said there would be no further need to top up the fund after the latest injection.
The HSBC Bank UK Pension Scheme is to invest £250m in renewable energy infrastructure, such as solar plants and wind farms, with Greencoat Capital.
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Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.