Whitbread has seen its pensions deficit grow by £111m in the 12 months to the end of march, despite paying in more than £95m in recovery funding.
The firm, which owns the Premier Inn and Costa Coffee chains, revealed that the shortfall in its scheme grew from £488m to £598.7m over the period. It said this was due to a £177.2m actuarial lo...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
