SCOTLAND - Scottish papermaker Tullis Russell is to plunge a fifth of its pre-tax profits into its final salary pension scheme.
And chief executive Fred Bowden said it may have to inject another £1m into the fund to help reduce a £25m deficit – £20m of which was created last year. Tullis has already paid £2.7m in annual co...
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
