UK - Drinks giant Allied Domecq said that it may have to pay £40m into its £1.8bn pension scheme to rectify the effects of falling markets.
The firm – best known for its Courvoisier, Tia Maria and Teachers Highland Cream brands – said the actual charge added that the results will be determined by its actuarial valuation in April.
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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