UK - Billionaire Philip Green has put his bid for retail giant Marks & Spencer on hold pending talks on the pension scheme's £670m deficit.
Takeover talks at WHSmith were suspended last month when scheme trustees demanded that venture capitalist Permira clear the deficit as part of the deal.
Green – who has already had two bids turned down by M&S – is waiting to hear from the trustees, who have hired Credit Suisse First Boston to advise them, before making a third offer.
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Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).