Hargreaves makes 'considerable headway' towards DB scheme buyout

Cash cost to buy out the scheme will be ‘no more than £9m’ with payment expected in H1

Holly Roach
clock • 1 min read
Hargreaves' results reveal dividend increase as scheme progresses towards buyout
Image:

Hargreaves' results reveal dividend increase as scheme progresses towards buyout

Hargreaves has made “considerable headway” on its journey to buy out the group’s defined benefit (DB) pension scheme.

The firm's interim results revealed the cash cost to buy out the scheme will be no more than £9m, with this payment expected in the first half of 2024 using existing cash reserves. The results a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB surplus extraction is an appealing concept to most, PLSA survey finds

DB surplus extraction is an appealing concept to most, PLSA survey finds

Changes to governing rules driving reconsideration of endgame plans

Holly Roach
clock 20 March 2025 • 2 min read
Mortality rates return to similar levels to pre-pandemic, analysis shows

Mortality rates return to similar levels to pre-pandemic, analysis shows

Aon has analysed mortality trends over the last five years, with 2024 reaching similar levels to 2019

Jasmine Urquhart
clock 20 March 2025 • 2 min read
DB pension risks 'weigh heavily' on UK balance sheets

DB pension risks 'weigh heavily' on UK balance sheets

LawDeb finds most see pension scheme as having risks alongside cyber threats

Jasmine Urquhart
clock 19 March 2025 • 1 min read
Trustpilot
Loading page