Dairy Crest cuts dividend payments by 25% to fund DB scheme

clock

Dairy Crest will slash dividends by 25% to help fund the additional cash contributions to its pension scheme, the company confirms.

Group chief executive Mark Allen said the firm, which owns Cathedral City cheese and Clover, would pay £20m per year into its pension scheme from this October. However, due to the extra cash cont...

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 18 December 2024 • 4 min read
Partner Insight: Investing in your risk settlement investment advice

Partner Insight: Investing in your risk settlement investment advice

Hatty Goodwin, Associate Partner, Aon
clock 18 December 2024 • 4 min read
Market volatility still main barrier to endgame

Market volatility still main barrier to endgame

Standard Life finds half of DB trustees also think funding code and trapped surplus are barriers

Jasmine Urquhart
clock 17 December 2024 • 1 min read
Trustpilot