M&S agrees with trustees to raise DB contributions for future service

Kristian Brunt-Seymour
clock • 1 min read

Marks and Spencer has reached an agreement with the trustees of its defined benefit (DB) pension scheme to increase annual cash contributions for future service by £15m.

As a result of the completion of the scheme's 31 March 2015 triennial valuation, the company said these contributions will increase from £42m in 2015/16 to £57m in 2016/17. The company said this wa...

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