United Utilities slashes £88m from scheme deficit

clock

United Utilities slashed £88m from its IAS19 deficit in just six months after adopting a "sustainable approach" to its pension scheme.

According to company accounts released today, the implementation of a series of cost saving measures saw the utilities company's defined benefit pension deficit drop from £359m in September, 2009 t...

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

Trustees should remember DB Funding Code 'big picture'

Trustees should remember DB Funding Code 'big picture'

LCP says myths about purpose of funding code and liquid investments remain for trustees

Jasmine Urquhart
clock 26 November 2024 • 2 min read
DB transfer values fall to lowest value for 12 months in October

DB transfer values fall to lowest value for 12 months in October

Transfer values were at second-lowest month-end value since XPS index’s inception

Martin Richmond
clock 26 November 2024 • 1 min read
Partner Insight: How to manage your journey to settlement

Partner Insight: How to manage your journey to settlement

Alana Corbett, Senior Consultant, Aon
clock 22 November 2024 • 4 min read
Trustpilot