Kcom reveals 5% advice cost of £16m ABC plan

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Kcom has spent £895,000 putting in place an asset-backed contribution structure (ABC) that will deliver £1.1m a year to its defined benefit scheme for the next 15 years.

The IT firm revealed in its half yearly report, published today, that it had set up the structure earlier in the year, placing properties it owned into a partnership with the scheme. Kcom said t...

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