Kier slashes pension deficit by 40% over 2016

James Phillips
clock • 1 min read

Kier Group cut the aggregate deficit of its defined benefit (DB) schemes by £43m over 2016, according to its latest annual results.

Across the schemes, the deficit figure stood at £67.8m on the IAS 19 accounting measure on 31 December 2016, compared to £110.5m at the end of 2015. Combined assets totalled £1.65bn, plus £14m of d...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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