Interserve addresses pension deficit

Support services and construction firm Interserve is to transfer its remaining interest in a portfolio of 19 PFI assets to the trustee of its pension scheme at a valuation of 55m pounds, the group announced on Wednesday.

Support services and construction firm Interserve is to transfer its remaining interest in a portfolio of 19 PFI assets to the trustee of its pension scheme at a valuation of 55m pounds, the group announced on Wednesday.

Interserve said that proposed transaction will provide a "significant contribution" towards its current pension scheme funding shortfall and will crystallise further value from its PFI investment portfolio.

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