UK - Downtrodden telecoms company Marconi is to cling on to its final salary scheme as it looks to rectify a £137m shortfall in its pension fund.
The £2.7bn Marconi fund is to make additional contributions over 12 years to fill the gap, which will cost the firm around £16m per year.
The fund will increase its rate of contribution from 6.6% to 8.2%, starting from 1 April, 2002.
By Madhu Kalia
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UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.