Pensions15 May 2018 15:01
Liabilities in the combined schemes decreased by �213.2m in the year to �4,546.6m. The value of liabilities associated with the RHM scheme were �3,430.5m, a reduction of �166.5m while liabilities in the Premier Foods schemes were �46.7m lower at �1,116.1m. The reduction in the value of liabilities in both schemes is due to a slight increase in the discount rate assumption, from 2.65% to 2.70% and a reduction in the inflation rate assumption; from 3.3% to 3.15%.
The net present value of future deficit payments, to the end of the respective recovery periods remains at c.�300-320m.
So about the same as last year.