Southern Water pledges extra £50m to DB scheme after TPR action
Southern Water will be forced to cough up more money for its pension scheme earlier than planned after The Pensions Regulator (TPR) intervened in what it said was "unfair treatment" of the scheme.
Around £50m of additional money will be paid into the scheme over a shorter recovery plan period, with initial payments up to twice as much as detailed in the recovery plan following the scheme's 2013...
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