The Daily Mail and General Trust (DMGT) has agreed a plan to tackle its pension deficit by making payments of £34m a year with additional contributions if it engages in share buy backs.
The newspaper publisher will pay approximately £34m a year to 2020, £28m a year to 2022, and then £23m each year until 2026. Additionally, a contribution equal to 20% of any share buy backs will...
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
