CEPS has recently announced that the Trustees of its legacy pension scheme have entered into a buy-in contract with Aviva. While providing security for existing scheme members, this contract also removes investment and funding risk for CEPS. It is possible that there will be a surplus to be repaid to CEPS arising from the excess of scheme assets over scheme liabilities, although it is too early to determine how much this could be. In September, CEPS delivered its first ‘clean’ set of results (fo ....
21 Dec 2021
Pension liability removed, funding headroom
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Pension liability removed, funding headroom
CEPS PLC (CEPS:LON) | 17.5 0 0.0% | Mkt Cap: 3.68m
- Published:
21 Dec 2021 -
Author:
Tessa Starmer -
Pages:
2
CEPS has recently announced that the Trustees of its legacy pension scheme have entered into a buy-in contract with Aviva. While providing security for existing scheme members, this contract also removes investment and funding risk for CEPS. It is possible that there will be a surplus to be repaid to CEPS arising from the excess of scheme assets over scheme liabilities, although it is too early to determine how much this could be. In September, CEPS delivered its first ‘clean’ set of results (fo ....