TUI has completed a Pension Increase Exchange (PIE) exercise across its three UK defined benefit (DB) schemes.
The travel firm, which owns Thomson and First Choice in the UK, announced the transaction in its interim results, published today. It said the exercise had resulted in a £33m pension credit afte...
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
