Housebuilder cuts payments following sharp improvement in its scheme’s funding position
Taylor Wimpey saw an actuarial loss on its defined benefit (DB) pension scheme of £8.9m in the year ending 31 December 2019, significantly lower than the £84.3m loss the year prior.
Taylor Wimpey has said its defined benefit (DB) pension liabilities will increase by £16m following the High Court judgment to equalise guaranteed minimum pensions (GMP) for men and women.
Taylor Wimpey has appointed Hymans Robertson as third-party administrator of its pension scheme after an open tender.