Engineering firm overhauls scheme to address £300m deficit

clock

Trustees of the WS Atkins Pension Plan have agreed a ten-year recovery plan with its sponsor to tackle the scheme's £293m deficit.

The plan will see the engineering consultant increase its annual contributions to £32m a year, and carry out an enhanced transfer value exercise for deferred members and a pension increase exchange...

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 Industry

Buzz: Do you agree with the analysis of the Pensions Commission's interim report?

Buzz: Do you agree with the analysis of the Pensions Commission's interim report?

Pensions Commission, LGPS changes and biggest pensions concerns

Professional Pensions
clock 26 May 2026 • 1 min read
IGG expands national presence with Birmingham hub launch

IGG expands national presence with Birmingham hub launch

Midlands opening extends IGG’s hub network to five locations across the UK

Jonathan Stapleton
clock 26 May 2026 • 2 min read
News Digest: A painful pension crunch is coming for Generation X

News Digest: A painful pension crunch is coming for Generation X

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 26 May 2026 • 1 min read
Trustpilot