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...
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