Taylor Wimpey has seen shortfalls in its two defined schemes grow by £65m over the last year despite making deficit recovery payments of £46m.
The house builder said in its half year results, published today, that the increase was predominantly caused by a drop in discount rates used and was a "short to medium term consideration". Earl...
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
