Deficits

The Daily Mail & General Trust defined benefit pension scheme has slashed £180m from its deficit this year, half-yearly figures show.

Sugar manufacturer Tate & Lyle will close its UK final salary pension scheme to future accrual from April, next year.

Mohamed Al Fayed decided to sell Harrods after the pension scheme trustee refused to clear a dividend payment, it emerged yesterday.

UK - Mohamed Al Fayed decided to sell Harrods after the pension scheme trustees refused to clear a dividend payment, it emerged yesterday.

De La Rue will close its final salary scheme to future accrual in three years because of its escalating pension deficit.

The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m deficit, end of year results show.

UK/GLOBAL - The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m (US$195.8m) deficit, end of year results show.

The Nationwide Building Society has revealed a net £508m IAS19 pension deficit, a £177m increase over the year.

Final salary pension schemes are now ranked as the second biggest threat facing corporates, Aon Consulting says.

UK - Final salary pension schemes are now ranked as the second biggest threat facing corporates, Aon Consulting said.