Hargreaves Services reveals plans to buyout liabilities within 18 months

Firm expects £15m would be sufficient to reach buyout

Holly Roach
clock • 1 min read
Hargreaves Services reveals plans to buyout liabilities within 18 months

Environmental and industrial services provider Hargreaves Services plans for its defined benefit (DB) pension schemes to reach full buyout within 18 months, according to its preliminary results.

The firm's results noted the group currently pays £1.9m per year in deficit reduction contributions relating to two legacy DB pension schemes. The firm said recent movements in gilt yields and t...

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