Balfour Beatty to make further benefit cuts in bid to reduce deficits

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Balfour Beatty has announced plans to make further cuts to benefits paid under its defined benefit pension scheme in a bid to reduce its deficit.

The construction firm said from January 1, 2011 further increases in salary will no longer be reflected in increased pensions for members. Announcing its results for the first half of 2009, the...

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