Premier Foods, owner of Mr Kipling and Bisto, suspends pension deficit payments, boosting free cash flow by £33m in 2024/25.

Premier Foods, owner of brands like Mr Kipling and Bisto, is suspending pension deficit payments, expecting to boost its free cash flow by £33m in its 2024/25 financial year. The company reached a deal with its pension scheme trustees to suspend deficit payments from 1 April, enabling it to fund growth plans. The decision comes after the strong performance of the pension scheme following a merger in June 2020.