WH Smith agrees recovery plan to meet £75m shortfall

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WH Smith has agreed a £13m a year recovery plan to plug the deficit of its closed defined benefit scheme over the next seven years.

The revised recovery plan was agreed after the scheme's latest triennial valuation revealed a £75m deficit as at 31 March 2012. The WHSmith Pension Trust closed to existing members in 2007 (PP Onli...

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