Premier Foods saw the deficit in its defined benefit pension schemes fall by almost two thirds in the 15 months to April, after its hedging strategy paid off handsomely.
The firm, which owns the Mr Kipling and Bisto brands, revealed in its preliminary results that its shortfall had dropped from £603.3m to £211.8m over the period. This was came at a time when man...
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
