HSBC Holdings plans to make contributions of $1.23bn (£630m) into its defined benefit pension schemes in 2007, the company has announced in its annual report and accounts.
The UK scheme will receive $589m (£300m) as part of a deal agreed with trustees to clear the deficit by 2015. Further payments of $913m (£467m) will be made in 2012, 2013 and 2014. The accounts r...
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
