COMPUTER giant IBM has wiped out the deficit in its £4.4bn defined benefit scheme after contributing £577m in the first three months of 2006.
IBM Pension Plan trustee chairman James Lamb estimates the scheme is now fully funded, although this will only be confirmed when a formal actuarial valuation is carried out at the end of 2006. C...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date