Brewer slashes scheme deficit and pumps in extra cash

clock •

Green King has cut its pension deficit by £33m and agreed to more than double its annual contributions.

The brewery and pub group revealed in its final results, published today, that its combined liability to its three defined benefits schemes had fallen from £78.7m in 2010 to £45.7m calculated on an...

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

Author spotlight

Jack Jones

View profile
More from Jack Jones

TPR's four priorities for 2016

FTSE 100 drops 3% to below 6,000 after China suspends trading for second time

More on Defined Benefit

DB schemes continue to be in surplus in March despite number of challenges, PwC finds
Defined Benefit

DB schemes continue to be in surplus in March despite number of challenges, PwC finds

Consultancy warns schemes facing number of challenges following recent market volatility

Martin Richmond
Martin Richmond
clock 11 April 2025 • 3 min read
Charity DB schemes' positive funding levels to encourage focus on endgame planning
Defined Benefit

Charity DB schemes' positive funding levels to encourage focus on endgame planning

Spence report finds 44% of charities no longer making deficit recovery contributions

Martin Richmond
Martin Richmond
clock 10 April 2025 • 3 min read
DB transfer compensation drops in Q1, Broadstone finds
Defined Benefit

DB transfer compensation drops in Q1, Broadstone finds

But firm says if markets continue to fall, redress levels will likely rise back up

Holly Roach
Holly Roach
clock 10 April 2025 • 1 min read
Trustpilot