ITV has used its London Television Centre property to set up a 25-year partnership to fund its defined benefit (DB) scheme.
The arrangement will net the scheme just over £2m a year, rising by 5% annually "if and to the extent that the scheme remains in deficit". It has no impact on the funding level of the scheme on ...
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
