Costain has transferred its interest in six private finance initiative investments to the company pension scheme, wiping £22m off its deficit, results reveal.
The international engineering and construction group said the valuation was higher than the estimated value for the equity positions and represented a discount rate below 7%. Its interim results...
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
