Record-breaking underwritten buy-in helps Taylor Wimpey halve recovery contributions

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Taylor Wimpey has cut annual deficit recovery contributions by £30m after completing a raft of liability management exercises including a £206m medically underwritten buy-in.

The house builder revealed in its annual results that it had reduced annual contributions from £53m to £23m after the schemes' latest triennial valuation found a reduced deficit. It said this wa...

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