M&S agrees with trustees to raise DB contributions for future service
Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.
As a result of the completion of the scheme's 31 March 2015 triennial valuation, the company said these contributions will increase from £42m in 2015/16 to £57m in 2016/17. The company said this was down...
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