UK - Building materials supplier Hanson is to make a one-off payment of £100m into its final salary schemes to help alleviate a £121m FRS17 deficit.
The firm blamed lower first-half profits on increased pension costs.
Hanson spokesman Justin Read said the group’s pensions contributions increased from £5m last year to £30m this year, and are expected to increase again to £35m or £40m next year.
He also revealed that the company planned to make a “one-off, top-up payment” of £100m into the fund.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.