WH Smith

Jonathan Stapleton says the Pension Schemes Bill is the latest in a long line of well-meaning legislation that makes it more difficult for employers to offer good schemes to their staff

An unrecognised £70m pension liability has reduced WH Smith's stated 2012 post-tax profit by £4m.

WH Smith has agreed a £13m a year recovery plan to plug the deficit of its closed defined benefit scheme over the next seven years.

WH Smith will use Ceridian UK for its auto-enrolment payroll solution for its 16,000 employees.