Premier Farnell has set up a 23-year asset-backed funding structure to plug an £18m deficit in its UK scheme.
The IT firm has placed company properties into a Scottish limited partnership which will provide the scheme with a quarterly income valued at £18m over the length of the arrangement. The company...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
