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

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 Defined Benefit

FTSE 100 DB schemes surplus remains 'strong' at £55bn

FTSE 100 DB schemes surplus remains 'strong' at £55bn

LCP says surplus remained stable despite wider global economic uncertainty

Martin Richmond
clock 22 July 2026 • 2 min read
Managing surplus becoming 'increasingly important' strategic priority

Managing surplus becoming 'increasingly important' strategic priority

LCP says surplus sharing is rising up agendas, but most schemes still face endgame barriers

Holly Roach
clock 17 July 2026 • 2 min read
PPF 7800 aggregate surplus remains consistent in June

PPF 7800 aggregate surplus remains consistent in June

Lifeboat fund’s index shows surplus saw narrow increase of £0.2bn last month

Martin Richmond
clock 14 July 2026 • 3 min read
Trustpilot