Reuters to address pensions deficit
Reuters plans to invest £230 million in its two UK pension funds via over the next two years.
The cash injection should make up for most of the £265 million deficit the information services company recorded last year.
Reuters announced yesterday that it would pay £188 million into the two final-salary pension funds this year and £42 million in 2007, in addition to its ordinary pension contributions.
It said these contributions to the funds would not affect investment in its growth initiatives or its share buyback programme.