asset-backed contributions

Whitbread has increased the value of its asset-backed funding arrangement with its pension scheme to continue tackling its deficit, its latest results show.

Jack Jones looks at the innovative use of chese as a scheme asset

Premier Farnell has set up a 23-year asset-backed funding structure to plug an £18m deficit in its UK scheme.

Philip Sutton welcomes the PPF’s new contingent asset guidance

Asset-backed funding arrangements became more prevalent in 2012 as a wider variety of companies used a greater array of assets to fund deficits, says KPMG.

The Costain Pension Scheme has shed £35m of liabilities through a series of transfer exercises.

Daily Mail and General Trust has set up a £150m partnership using contingent assets to fund its largest defined benefit scheme.

Severn Trent has established a new defined contribution scheme which will replace the current DC and defined benefit plans by 2015.

ITV has seen it pensions deficit grow to £390m as falling corporate bond yields and a £65m premium on a longevity swap carried out last year pushed up the shortfall.

QinetiQ has agreed a funding plan with trustees to tackle its £75m pension deficit after a High Court ruling cleared the way for it to switch to Consumer Prices Index-linking.