Taylor Wimpey has said its defined benefit (DB) pension liabilities will increase by £16m following the High Court judgment to equalise guaranteed minimum pensions (GMP) for men and women.
In a statement on the London Stock Exchange on 27 February, the housebuilding company said this would equate to a 0.7% increase in liabilities on an accounting basis, while it continues to review i...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
