Bank of Ireland seeks solution for €1.5bn pension deficit

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IRELAND - Bank of Ireland (BoI) has appointed Brian Forrester, the former head of Bank of Ireland Life, to lead a review of the firm's defined benefit fund and look at ways to tackle its €1.5bn (US$2.12bn) pension deficit.

In an e-mail to employees, BoI chief executive Richie Boucher said: "This deficit is creating a significant risk to the security of pension benefits now and in the future. This is a complex issue, ...

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