WH Smith has agreed a £13m a year recovery plan to plug the deficit of its closed defined benefit scheme over the next seven years.
The revised recovery plan was agreed after the scheme's latest triennial valuation revealed a £75m deficit as at 31 March 2012. The WHSmith Pension Trust closed to existing members in 2007 (PP Online,...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.