OpinionJul 28 2014

The price of cheese

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Fears of rising pension deficits was taken to a new level last week when one commentator claimed that a cheese price war had served as a “wake-up call” to concerns of pension schemes being underfunded.

In response to shares in Dairy Crest, the makers of Cathedral City cheese, falling due to increasing competition from supermarket brands, panic spread that pension members could be negatively impacted by the falling value of cheese.

According to the statement, to plug a blackhole in its pension scheme Dairy Crest put £60m worth of cheese into the fund, although recent unfortunate events have potentially turned it into Swiss cheese.