Granada ends contribution holiday to cut deficit

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UK - Media giant Granada and plastics and wire producer Carclo have both ended lengthy contribution holidays in a bid to cut mounting pension scheme deficits.

Granada’s £1bn scheme has seen its FRS17 deficit balloon to £267m and will resume contributions at 23% of pensionable salaries – equivalent to £20m per annum – as well as an additional £10m lump su...

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