The £2.3bn Philips Final Salary Plan is now fully funded following a £400m cash injection from the company and the adoption of a liability-driven investment strategy, the company reports.
The electronics giant told its 17,000 scheme members the defined benefit plan was in a healthy position and remained stable through recent market turbulence thanks to its use of LDI. Trustees tol...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
