AIREA slashes deficit using PIE

James Phillips
clock • 1 min read

Floor coverings manufacturer AIREA has cut its defined benefit (DB) scheme deficit after completing a pension increase exchange (PIE) exercise.

The deficit fell from £7.4m on 30 June 2015 to £6.7m on the same date this year, according to the firm's interim report published on 8 September. The company said the PIE had helped it reduce th...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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