UK - Building materials supplier Hanson is to make a one-off payment of £100m into its final salary schemes to help alleviate a £121m FRS17 deficit.
The firm blamed lower first-half profits on increased pension costs. Hanson spokesman Justin Read said the group’s pensions contributions increased from £5m last year to £30m this year, and are ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
