Latest news:
News: Issue 596 11 May 2012

Add a comment

Share this article:

ITA in public sector-first deal to reduce bus pension fund deficit

West Midlands Integrated Transport Authority and National Express Group have completed a deal with Prudential to guarantee contributions needed to reduce the deficit of the West Midlands Bus pension fund. It is the first deal of its kind involving a public sector organisation.

The arrangement for the next five years will see Prudential provide an insurance wrapper for the fund, which is £71m in deficit according to the last actuarial valuation in 2010 (although only £16.8m in...

Add a comment

Join Local Transport Today subscribers and read this article in full...

Local Transport Today

1 Year

2 Year

Save 10%

3 Year

Save 15%

 

£140

 

£252

 

£357

+£4 VAT

+£7.20 VAT

+£10.20 VAT


Local Transport Today is dedicated to providing you with
detailed knowledge: essential to informed transport planning and project delivery.
All annual subscriptions include a 1 user licence for TransportXtra
Local Transport Today

 


 

TransportXtra only

An online-only subscription to TransportXtra  works out at less than £7.50 per month for all the latest issues and transport intelligence.
Subscribe or view multi-user packages.

 £90 + VAT

Not ready to subscribe? Take a 2 week free trial