Charter International deficit up 50%

Charter International has seen its UK pension deficit rise by almost 50% this year, in spite of gains from switching inflation measures.

In an interim management statement, released today, the engineering group revealed its shortfall had increased from £43m at the start of the year to £62.9m as at the end of September. This in spite...

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

Join now

 

Already a Professional Pensions member?

Login

More on Appointments

Former Willis president and Axa CEO named chair of Nest

Former Willis president and Axa CEO named chair of Nest

Brendan McCafferty takes on the role in February for a five-year term

James Phillips
clock 03 December 2021 • 3 min read
People Moves: Federated Hermes makes promotion

People Moves: Federated Hermes makes promotion

Vivek Bhutoria will become global emerging markets portfolio co-portfolio manager

PP Online
clock 03 December 2021 • 1 min read
A shadow cabinet reshuffle took place yesterday

New shadow work and pensions secretary named

Jonathan Ashworth was appointed to the role following a shadow cabinet reshuffle

Holly Roach
clock 30 November 2021 • 1 min read
Trustpilot