Source - SMW
Engineering group GKN has released an update of its pension liabilities, which it said totaled £4.9bn in 2017 using the Section 75 measurement method.

During 2017, the GKN Group Pension Scheme 2012 was closed to future accruals. 

Also in 2017, a one-off contribution of £250m was paid into that scheme, and annual cash contributions to pay off the actuarial deficit were reduced from £42m in 2017, to £36m in 2018, as part of the triennial valuations, the company said.




At 1:47pm: (LON:GKN) GKN PLC share price was -0.7p at 435.3p