A £5m shortfall has been revealed in the £30m Ravenhead Company Pension Plan in the UK. The shorfall at the glassware firm's scheme came after independent trustees Berry, Birch & Noble instructed the pension schemes actuaries to conduct a wind-up valuation.
A shortfall of £1.5m was found in the pension fund based on its MFR value in April 1999 but the schedule of contributions made to repay the deficit to scheme members could not be kept as the compan...
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