UK - Department store James Beattie's company profits have been dented by a fall in the firm's £40m pension fund's surplus.
The Wolverhampton-based scheme said it would now pay an extra £400,000 as a result of the fall. Finance director Bill Kelly warned that this plight may befall others funds which in future show a de...
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
