UK - Increased pension costs were partly blamed for a 32% drop in profits at confectionery giant Cadbury Schweppes.
But the firm said it had no plans to make any cutbacks at the £1.27bn Cadbury Schweppes Pension Fund.
A spokeswoman said the £10m deficit across its global pension funds was like a “drop in the ocean”. She said: “This is not a significant issue for us. We are confident any deficit in the funds or additional costs will be absorbed through our profit and loss account.”
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).