Fujitsu UK and Ireland has received £800m from Fujitsu Limited to "substantially" improve the funding position of its defined benefit (DB) schemes.

The payment from Fujitsu Limited, which is based in Japan, is said to reduce the amount paid by Fujitsu UK and Ireland in on-going contributions, and has been split across three pension schemes.

The pension schemes are The ICL Group Pension Plan, The Fujitsu Comparable Pension Scheme and The FTEL pension scheme, and they cover around 21,000 members in total.

Steve Clayton, Fujitsu UK and Ireland chief financial officer, said: "The special payment significantly reduces the risk within our UK pension plans and ensures the funding levels within the schemes remain stable and predictable.

"As a global company with over 10,000 employees in the UK, the confidence that our people have in us as an employer is paramount. This investment, which we worked closely and constructively with the Trustee Boards to achieve, is a true indication of the commitment to UK employees past and present held by Fujitsu Limited."

He added: "In addition to this, it creates space for the UK & Ireland business to invest over the coming year and to continue to deliver growth within the region."

First published 26.03.2013

monique_simpson@wilmington.co.uk