Co-op gains £51.9m after switching pension scheme from RPI to CPI
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
In a statement on the London Stock Exchange on 14 March, the bank said it had successfully completed restructuring and recapitalisation processes started in September 2017, generating an additional £51.9m...
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TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
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