Mitchells & Butlers shuts DB scheme to future accrual

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Pub group Mitchells & Butlers has closed its defined benefit pension scheme to future accrual helping it cut the fund's deficit by £112m in the last year.

The company - owner of the All Bar One and Harvester chains - announced it had agreed the closure as of 13 March in its half yearly report, released today. The report stated the scheme's IAS19 d...

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