Taylor Wimpey to merge schemes; sets up £100m funding partnership

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Taylor Wimpey has been given approval to merge its two principle defined benefit (DB) schemes and has set up a £100m partnership to plug their deficits.

The house-builder said the merger of the George Wimpey Staff Pension Scheme and the Taylor Woodrow Group Pension and Life Assurance Fund would be completed in the second half of the year. The sc...

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