AMEC has seen its pension surplus halve as a falling discount contributed to actuarial losses of £71m for its UK scheme.
The engineering consultant revealed in its final results for the year, published today, that the surplus had dropped from £63m to £32m on an accounting basis over 2011. The firm said the actuari...
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