Invensys agrees funding plan to clear £325m deficit

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ENGINEERING firm Invensys has agreed a definitive future funding plan with trustees to clear its main scheme's £325m shortfall over nine years.

The firm says the deal will protect the benefits of more than 3400 active, 44,500 deferred and 58,000 pensioner members. Invensys has made an immediate payment of £105m and will pay £20m in 2007 a...

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