Higher bond rates improve Whitbread's pension surplus

First half results show the hotel group pension fund again improved its surplus funding position

clock • 1 min read
Higher bond rates improve Whitbread's pension surplus

Whitbread Group Pension Fund reported it had an IAS 19 employee benefits surplus of £429.2m at the end of its first half for this financial year.

During the same period last year, the company reported a surplus of £275.5m and one of £164.8m for the first half of 2020. The improved funding position was primarily driven by an increase in co...

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