Travis Perkins scheme hits £32m surplus after strategic changes

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Travis Perkins has reported a £32m scheme surplus after making a one-off £35m contribution into the fund, introducing a contingent asset and capping pensionable salary increases at 3%.

In its 2010 annual report, published today, the building supplies firm said it had agreed with trustees to eliminate the scheme's IAS19 deficit - £43m at 31 December, 2009 - in eight years. The ...

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