Rentokil agrees £80m recovery plan

clock

Trustees of the Rentokil pension scheme have reached a provisional agreement with the sponsor on a plan to eliminate its £80m deficit.

The firm's interim results to June 2011, released today, stated an agreement had been reached on the latest triennial valuation which put the deficit at £80m as of March, last year. The company ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Investing in your risk settlement investment advice

Partner Insight: Investing in your risk settlement investment advice

Hatty Goodwin, Associate Partner, Aon
clock 16 December 2024 • 4 min read
PPF levy decision delay sparks hope of charge reduction or abolition

PPF levy decision delay sparks hope of charge reduction or abolition

Industry argues ‘multi-billion’ surplus means levy is no longer needed

Jonathan Stapleton
clock 13 December 2024 • 5 min read
Partner Insight: Protecting trustees after wind-up

Partner Insight: Protecting trustees after wind-up

Susannah Calder, Partner, Aon
clock 11 December 2024 • 5 min read
Trustpilot