Premier Foods to merge three schemes

James Phillips
clock • 2 min read

Premier Foods will merge its three defined benefit (DB) schemes to allow for redistribution of surplus funding in the event of a scheme buyout.

The company has announced a segregated merger of the RHM, Premier Foods, and Premier Grocery Products pension schemes, which will also reduce scheme costs by £4m annually from 2020/21. The move ...

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James Phillips
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James Phillips

Professional Pensions journalist from 2016-2022

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