Engineer turns £66.2m deficit to £5.7m surplus

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MORGAN Crucible slashed its pension deficit by more than £70m in 2005 to leave its UK pension scheme in surplus, latest company figures show.

The engineering firm posted a surplus of £5.7m for the UK fund under international accounting standard IAS19 – a big improvement from the £66.2m deficit reported in 2004. The company made payment...

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