Plumbing Pensions reports 99% funding level as governance review poses 'watershed moment'
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
The £2.3bn scheme, also known as Plumbing Pensions, reported a funding shortfall of just £31m as of 5 April 2020, using a gilts plus 0.5% basis. While the economic environment surrounding Covid-19 did...
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