Trustees of British Polythene Industries' UK defined benefit scheme have agreed a £20m property-backed cash payment plan with the firm.
The company said in an interim management statement the deal would provide £1.8m a year to the scheme for a period of 20 years starting in January 2012. The present value of this additional fund...
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