UK - Engineering firm Smiths Group has ended its contribution holiday after an FRS17 valuation of its £2.5bn pension fund revealed a £150m deficit.
The company will now resume employer contributions of £30m a year. The deficit was revealed in the group’s interim results to January 31, which adopted FRS17 calculations for the first time. ...
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
