Poorer than expected asset returns, a falling discount rate and increasing longevity assumptions have almost doubled the Johnston Press Pension Plan deficit in 2011.
The newspaper publisher, which owns the Scotsman and the Yorkshire Post, revealed in its preliminary results for the year to the end of December that the deficit on an IAS19 basis had jumped from £...
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
