TPG bears additional pension costs as coverage flags

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NETHERLANDS - TPG, the Dutch postal and logistics operation, is injecting a further e37m into its pension fund in order to shore up the funding level after a period of poor investment returns.

In 2002, the pension fund sustained -9.9% returns and its assets fell from e3.1bn to e2.7bn, according to the company’s half year financial statement. Taking into account the additional contribu...

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