Engineering firm Costain's defined benefit (DB) scheme deficit has reduced following risk reduction exercises and in spite of 2012's plummeting discount rates, its interim results show.
The deficit has fallen to £41.1m, down by £10.8m from the end of 2012. Costain's shortfall originally fell to £39m in June 2012 after the firm conducted an enhanced transfer value (ETV) and pens...
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