Costain scheme trustees revise pension contribution plan

Half-year results show contribution plan will now consist of annual payments of £3.3m

Martin Richmond
clock • 2 min read
Costain scheme trustees revise pension contribution plan

The Costain Group has announced it has reached an agreement with the trustees of its defined benefit pension scheme to restructure the contribution plan of payments, according to its half-year results.

The results, published today (23 August) on the London Stock Exchange, revealed the new pension contribution plan of the scheme will run from 1 July 2023 to 31 March 2027 consisting of an annual pa...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Trustees need to retain ability to exercise judgement on discretionary increases, APPT says

Trustees need to retain ability to exercise judgement on discretionary increases, APPT says

The APPT has provided written evidence to the Work and Pensions select Committee investigation

Holly Roach
clock 23 October 2025 • 2 min read
UK Pensions Awards 2026: Entry process opens!

UK Pensions Awards 2026: Entry process opens!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 23 October 2025 • 3 min read
UCU accuses Solent University of 'P&O-style' fire and rehire pension cuts

UCU accuses Solent University of 'P&O-style' fire and rehire pension cuts

Union enters into formal dispute with Solent University over pension proposals

Martin Richmond
clock 23 October 2025 • 2 min read
Trustpilot