Balfour Beatty delays pension deficit payment through ABCs

Stephanie Baxter
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Balfour Beatty has set up an £85m asset-backed contributions structure to plug the estimated £284m deficit of its defined benefit (DB) pension scheme.

The deal was announced today following recent negotiations between with the trustee over an £85m deficit payment that was originally due in 2015. The infrastructure company has now delayed payin...

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