Publisher Hachette shuts schemes to future accrual

clock

Hachette UK is to close its two defined benefit pension schemes to future accrual and inject an additional £8m to tackle its £35m deficit.

The publisher said the Hodder and Orion schemes - with 250 active members and 1,100 deferred or pensioner members - would close as of 30 September. Group human resources director Dominic Mahony ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Real world experience of a pensions captive

Partner Insight: Real world experience of a pensions captive

Aon
clock 09 May 2025 • 1 min read
DB scheme funding remains steady in April amid market volatility, Broadstone finds

DB scheme funding remains steady in April amid market volatility, Broadstone finds

Consultancy says funding levels remain ‘robust’ in face of ‘rapidly developing’ economic backdrop

Martin Richmond
clock 08 May 2025 • 1 min read
Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Partner Insight: Risk settlement - Getting the best outcome in a growing and segmented market

Aon
clock 06 May 2025 • 1 min read
Trustpilot