Rexam scheme swings to surplus in 2013

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Consumer packaging firm Rexam has seen its UK defined benefit (DB) pension scheme move from deficit to surplus in the first half of the year, its interim results show.

At the end of 2012, Rexam's UK schemes - worth a total of around £1.8bn - recorded a deficit of £20m on an IAS19 basis. However, by June 2013 the scheme moved to a small surplus of £8m. The sche...

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