Summary
CASH-STARVED firms struggling to fund pension schemes will increasingly use company assets to make contributions, according to a new survey of fund trustees.
A number of big firms have recently used assets to plug pension scheme deficits. Drinks giant Diageo passed more than two million barrels of maturing whisky - with a book value of Pounds 500 million - to a pension funding vehicle to help plug its Pounds 862 million deficit.See the full content of this document
Extract
Firms Even Barter Whisky to Fill Pensions Hole
And Whitbread filled its Pounds 434 million pen...
See the full content of this document
Sponsored links
