Northumbrian Water has slashed its pensions deficit after injecting an extra £70m into the scheme in March and April this year and switching to Consumer Prices Index linking.
The utilities company revealed in its preliminary end of year results, published today, that the shortfall had fallen from £133.1m to £46m at 31 March this year. The results showed the scheme's ...
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