UK - Engineering company Smiths is to raise its pension contributions to plug a spiralling £480m deficit.
The moves follows a triennial actuarial valuation which showed the deficit in its £2.4bn schemes grew by £300m to nearly £480m. Analysts expect the group to raise its pension contribution by £30m ...
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
