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.
Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...