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Philips tells members that final salary scheme is healthy

19 October 2007

Electronics company Philips has told final salary scheme members that following a £400m cash injection, the scheme is now fully funded.

The scheme trustees said: "We first began working to create a closer match for the fund's final salary liabilities around ten years ago. The plan is now fully funded and the financial tools to help us achieve a closer match are well established."

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