Thursday February 20, 2020

How INM plans to settle pensions row

Plan to wind up company's defined benefit schemes sparked protests last year

21st July, 2017
INM pensioners protesting at its EGM last year. Pic:

The media group and the trustees of two of its defined benefit (DB) schemes this morning announced that they had reached agreement which will see the schemes wound up.

In response, the shares - which had lost 27 per cent in the previous two days - moved up 3 per cent to 9.7 cent as analysts said the deal was a better than expected outcome for the company.

Under the deal, INM will make phased contributions of more...

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