UK - Television company ITV is set to begin consultation with trustees and staff over possible changes to the defined benefit sections of its pension scheme.
It said it would provide £30m in deficit funding in 2009 in line with the five year funding plan it had previously agreed with trustees.
It said it would also begin consultation with trustees and staff over possible changes to the defined benefit sections of the pension scheme.
ITV said it wanted to deliver total cost savings across its business of £155m in 2009, rising to £175m in 2010 and £245m in 2011.
It said the savings identified included efficiency savings; network programming savings; and regional news savings.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.