Costain is considering closing its defined benefit pension scheme to future accrual due to increasingly disproportionate risks and costs.
The construction company said the deficit in its DB scheme had ballooned by £39.6m in the six months to June 30. It now stands at £75.7m. It said the rise reflects the increase in future inflati...
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
