Higher bond rates improve Whitbread's pension surplus

First half results show the hotel group pension fund again improved its surplus funding position

clock • 1 min read
Higher bond rates improve Whitbread's pension surplus

Whitbread Group Pension Fund reported it had an IAS 19 employee benefits surplus of £429.2m at the end of its first half for this financial year.

During the same period last year, the company reported a surplus of £275.5m and one of £164.8m for the first half of 2020. The improved funding position was primarily driven by an increase in co...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pensions minister confirms legislation to expand CDC to be laid in the Autumn

Pensions minister confirms legislation to expand CDC to be laid in the Autumn

DWP says ‘innovative’ funds will deliver higher incomes and lower risks for pensioners

Holly Roach
clock 30 April 2025 • 2 min read
Five pension providers retain gold financial wellness ratings

Five pension providers retain gold financial wellness ratings

Survey shows providers were awarded gold rating across several of their member offerings

Martin Richmond
clock 30 April 2025 • 2 min read
Just a few weeks to go until Professional Pensions Live

Just a few weeks to go until Professional Pensions Live

Our flagship event is returning this year on 21 May at Convene, 155 Bishopsgate in London

Professional Pensions
clock 30 April 2025 • 1 min read
Trustpilot