UK - Packaging giant Rexam may be forced to end its pension scheme contribution holiday after surpluses have plummeted to £15m.
The company is expected to stop its contribution holiday after the next formal actuarial valuation. Its last formal valuation in 2000 showed a net surplus of £516m but this had plunged to £139m in ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date