De La Rue to axe final salary scheme

clock

De La Rue will close its final salary scheme to future accrual in three years because of its escalating pension deficit.

The banknote printing company's scheme deficit increased from £56m in 2006 to £204m - as revealed by its triennial funding valuation on April 5, last year. It said following consultation with sc...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Avon Pension Fund looks to LPPI as new pooling partner

Avon Pension Fund looks to LPPI as new pooling partner

Scheme recommends shift following KPMG supported review of options

Jonathan Stapleton
clock 25 September 2025 • 2 min read
£6.1bn Devon Pension Fund to join LPPI pool

£6.1bn Devon Pension Fund to join LPPI pool

Move follows reform process which will see eight LGPS pools consolidate to six

Jonathan Stapleton
clock 24 September 2025 • 2 min read
PPF confirms levy will be cut to zero

PPF confirms levy will be cut to zero

Move follows Pension Schemes Bill and will save schemes £45m in 2025/26

Jonathan Stapleton
clock 23 September 2025 • 6 min read
Trustpilot