Tech firm shrinks deficit 65% with help of ETV

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Spectris has slashed the deficit of its UK defined benefit scheme by almost two-thirds through a mixture of deficit contributions and an enhanced transfer value exercise.

The technology firm revealed in its final results today that it had cut the shortfall from £3.7m to £1.3m on an IAS19 basis over the year. This was principally due to recovery payments of £2.6m ...

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