The Scapa Group has completed a merger of its UK defined benefit (DB) schemes and put in place a 25-year asset-backed contribution structure ABC to fund the new scheme.
The firm said the merger would reduce administration costs and ABC had reduced the scheme's deficit on a funding basis by just under £55m. The funding partnership will generate an income of £3.7...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
