Henry Boot shaved £10m to £12m off its pension liabilities last year through an enhanced transfer value exercise and switching to RPI indexation, results show.
The property and construction firm also revealed it undertook a pension increase exchange exercise and capped future salary increases for active members at 1% per annum, with any balance going into...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date