Atkins breaks final salary link for accrued benefits

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WS Atkins has cut its pension deficit by a quarter by removing the link between accrued benefits and future increases in pensionable salary.

The engineering firm announced in its final results that the shortfall on an IAS19 basis had shrunk from £338m to £251m in the year ended 31 March 2012. This was down to a £30.9m exceptional gai...

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