Balfour Beatty cuts deficit in half

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Balfour Beatty has slashed its pension deficit from £354m to £188m over the last year through a mixture of employer contributions, de-risking and changing actuarial assumptions.

In full year results to 31 December, published today the infrastructure firm revealed its funded obligations now stood at £2.8bn, with assets of £2.6bn. The main drivers were the £4.2m in monthl...

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