Whitbread promises contribution to DB scheme after Costa Coffee sale

James Phillips
clock • 2 min read

Whitbread has pledged to use proceeds from its proposed £3.9bn sale of Costa Coffee to Coca-Cola to make an additional contribution to its defined benefit (DB) scheme.

The amount of the contribution to the Whitbread Group Pension Fund is yet to be agreed, while Coca-Cola will see "no material funding obligation" as just a handful of Costa employees are members of...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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