telent pension deficit reduced by £51m

clock

UK - telent's net pension scheme deficit has been reduced by £51m in the past six months, the company's latest results have revealed. The deficit at 30 September amounted to £14m, comprising of a £48m surplus in its UK pension plan and liabilities of £62m relating to unfunded legacy pension liabilities retained in its German business.

telent released the second half results following the takeover by Pension Corporation's Co-Investment No.5 Limited Partnership (CILP) last week. The single largest movement in its cash balanc...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Legislation

HMRC publishes surplus repayments order

HMRC publishes surplus repayments order

Authorised surplus payment charge to be reduced from 35% to 25% from 6 April

Jasmine Urquhart
clock 11 March 2024 • 1 min read
Industry uncertain about LTA implementation, survey says

Industry uncertain about LTA implementation, survey says

LTA removal sparks concern about implementation, member communications and scheme benefit design

Jasmine Urquhart
clock 09 February 2024 • 2 min read
AMNT backs standardised vote reporting legislation

AMNT backs standardised vote reporting legislation

AMNT backs bill amendment requiring standardised reporting to schemes

Jasmine Urquhart
clock 30 January 2024 • 2 min read
Trustpilot