Premier Foods follows Trinity Mirror in slashing deficit contributions

clock

Premier Foods has deferred £94m of scheme contributions until 2014, as part of a deal to refinance more than £1.2bn in debts.

The food company - which owns the Mr Kipling, Hovis and Oxo brands - revealed details of the arrangement in its final results for the year, published today. In a deal similar to the Trinity Mirr...

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 Defined Benefit

Partner Insight: UK Risk Settlement Market – A Look Back Over 2024

Partner Insight: UK Risk Settlement Market – A Look Back Over 2024

Martin Bird, Senior Partner & Head of Risk Settlement, Aon
clock 20 December 2024 • 4 min read
Is consolidation enhancing or eroding service provision to DB schemes?

Is consolidation enhancing or eroding service provision to DB schemes?

Assessing the benefits and shortcomings of industry consolidation

Donny Hay
clock 19 December 2024 • 4 min read
DB transfer values drop to a 12-month low in November, XPS finds

DB transfer values drop to a 12-month low in November, XPS finds

XPS says Transfer Activity Index has remained ‘broadly flat’ throughout 2024

Martin Richmond
clock 19 December 2024 • 1 min read
Trustpilot