A pension scheme with 10,780 members, many of whom live in Hampshire, has recorded a surplus of nearly £309,000 in an annual financial health check.

The scheme, run by newspaper publishing group Newsquest, which publishes the Southern Daily Echo and scores of regional titles in the UK, was said to be in a "healthy position" and can cover all liabilities.

It recorded a 9.6 per cent return on stock market investments - two per cent better than the benchmark performance figure.

Members won't be able to top up their pension pot with additional voluntary contributions from April.

The scheme's trustees are no longer required to provide the facility, which had tax benefits, following new government rules. An alternative - a stakeholder pension plan - is offered.