Technology and engineering firm GKN has agreed a £30m per year asset-backed payment with the schemes trustees to tackle its £499m deficit.
In its interim report, the firm said it had implemented a number of actions to improve the funding position of its UK defined benefit scheme prior to the triennial valuation on April 5. It said ...
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, 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
