Dairy Crest trustee agrees to recovery plan cuts

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The trustee of the Dairy Crest pension scheme has accepted a reduced schedule of recovery payments in recognition of investments made by its sponsoring employer that will strengthen its covenant.

The revised recovery plan, announced in the cheese maker's final results for the year to the end of March, will see the firm pay £13m in each of the next two years and £16m the following year. D...

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