Kcom has transferred a £16m secured loan to an asset-backed contribution arrangement (ABC) set up to fund its scheme.
This will provide an extra £1.6m a year to the scheme, which saw its deficit increase from £9.8m to £26.5m in 12 months despite taking action to control the shortfall. The agreement was revealed...
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
