UK - HBOS has unveiled a plan to eliminate the £1.8bn deficit in its final salary pension schemes over a ten-year period.
The company, under which Halifax and Bank of Scotland merged in 2001, said it would make a “substantial” initial contribution to the pension schemes in 2006, followed by large yearly investments th...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
