Rentokil closes its pension scheme


UK-based hygiene services group Rentokil Initial has become the first FTSE 100-listed company to close its defined benefit (DB) final salary scheme to existing members - this followed a five-year payment holiday that ended in 2004, and coincided with a 20% profit growth.

The announcement came after an agreement was reached with pension scheme trustees to use the IAS 19 accounting standard to report pension liabilities, and it appears Rentokil had hitherto been exploiting the non-market consistent

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here