UK - Steel giant Corus insists its pension schemes are still "healthy", despite having around £770m wiped off their value in the year to the end of June.
The FRS17 net surplus dropped from £790m to £19m but Corus spokesman Mike Hitchcock said the company had no plans to alter contribution rates or make any other changes to the final salary schemes. ...
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
