GKN ups contributions to stem FRS17 deficits

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UK - Engineering company GKN looks set to increase contributions from £18m to £20m into its ailing £1.5bn pension fund this year.

According to GKN’s final financial results for 2002, the boost in contributions is to stem the scheme’s gross FRS17 deficit £551m, although lower than its December 2002 figure of £650m. The exac...

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