Costain incentive exercise wiped out by discount rate

clock

Engineering firm Costain has seen the benefits of its incentive exercises wiped out as its deficit remained relatively unchanged, its final results show.

The company conducted an enhanced transfer value and a pension increase exchange in 2012 and announced in its half year report that it shaved £35m off liabilities (PP Online, 23 Aug). Combined w...

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

Tender Watch: Nest appoints timberland fund manager

Tender Watch: Nest appoints timberland fund manager

Pension fund appoints BTG Pactual TIG for £550m mandate to manage timberland

Professional Pensions
clock 04 August 2025 • 1 min read
FTSE 350 firms face 'financial risk' from early DB surplus access

FTSE 350 firms face 'financial risk' from early DB surplus access

Barnett Waddingham says firms will miss out on additional value if they access surpluses too soon

Holly Roach
clock 18 July 2025 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 10 July 2025 • 1 min read
Trustpilot