Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.
As a result of the completion of the scheme's 31 March 2015 triennial valuation, the company said these contributions will increase from £42m in 2015/16 to £57m in 2016/17. The company said this was down...
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This week's edition of Professional Pensions is out now
PTL has appointed Karein Davie as a client director in its Birmingham office.