UK - Building and support service group MITIE has revealed a 10-fold increase in the FRS17 deficit on its two final salary schemes in the past year.
The schemes – the MITIE Group plc Pension Scheme and the MITIE Group plc Passport Pension Scheme – have FRS17 deficits totalling £8m compared with £740,000 in 2002. Both schemes are open to new me...
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 for 12 months, 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
