Diageo is to make a one-off £400m contribution to its pension scheme in order to help make good a billion pound plus deficit, its interim results have shown.
The results showed the deficit had increased by £37m to £1,122m in the last six months of 2012. The decision for the additional contribution was made after a triennial valuation last November. T...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date