Fall in funding position offset by decrease in assumed future rates of inflation
The Whitbread Group Pension Fund has been handed a one-off contribution of £380m following Whitbread's sale of Costa to The Coca-Cola Company.
Whitbread has pledged to use proceeds from its proposed £3.9bn sale of Costa Coffee to Coca-Cola to make an additional contribution to its defined benefit (DB) scheme.
Whitbread Group has chosen Aries Insight's pensions service to help it stay on top of ever changing and complex regulation.
Concerns have been raised about making members more aware of risks to their defined benefit (DB) pensions, for fear of leading to panic and knee-jerk reactions.
Here it is - the complete list of winners for this year's Pension Scheme of the Year Awards.