Pension deficit cut at Balfour Beatty
11 April 2012
Balfour Beatty's pension deficit is narrowing, down from £432 million last time it was measured to £375 million today.
That's good news both for the company and the 40,000 investors in the £2.3 billion fund.
The engineering group said today it plans to eliminate the deficit over the next eight years, with a one-off payment of £40 million and seven annual payments of £48 million.
