The Whitbread Group Pension Fund has been handed a one-off contribution of £380m following Whitbread's sale of Costa to The Coca-Cola Company.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Whitbread has pledged to use proceeds from its proposed £3.9bn sale of Costa Coffee to Coca-Cola to make an additional contribution to its defined benefit (DB) scheme.
This week's top stories include experts warning that trustees must act now on common and conditional data as the deadline approaches and calls for partial transfers DB transfers to be a right. Here are the top five.
Lesley Williams will retire from her role as Whitbread's group pensions director at the start of 2018 after 11 years in the role.
The pensions deficit at Whitbread has increased by 40% from March to September according to its latest half-year results.
Whitbread Group has chosen Aries Insight's pensions service to help it stay on top of ever changing and complex regulation.
Concerns have been raised about making members more aware of risks to their defined benefit (DB) pensions, for fear of leading to panic and knee-jerk reactions.
Constant government meddling has reduced confidence in pensions to a historic low according to Whitbread chief executive Andy Harrison.
Earlier this year, food and hospitality group Whitbread saw both a three- and five-year Save As You Earn (SAYE) schemes mature, benefiting more than 1,000 employees at the group's brands, which include Premier Inn, Costa, Beefeater and Brewers Fayre....
Large employers have criticised the government, pensions industry and payroll providers for the level of support available in setting up auto-enrolment (AE).
Here it is - the complete list of winners for this year's Pension Scheme of the Year Awards.
The National Association of Pension Funds (NAPF) is preparing for the departure of two further senior figures, PP can reveal.
Opt-out rates averaged around 9% in the first six months of auto-enrolment (AE), the Department for Work and Pensions (DWP) has confirmed.
The National Association of Pension Funds (NAPF) has revealed Robert Brown of Towers Watson will chair its defined benefit (DB) council and Lesley Williams of Whitbread will chair its defined contribution (DC) council.
Whitbread has incurred more than £1m in costs to implement auto-enrolment (AE) for its 40,000 employees.
Whitbread has increased the value of its asset-backed funding arrangement with its pension scheme to continue tackling its deficit, its latest results show.
NAPF delegates have been urged to look beyond cost when assessing whether their scheme is providing value for money.
Whitbread has seen its pensions deficit grow by £111m in the 12 months to the end of march, despite paying in more than £95m in recovery funding.
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