TPR in talks with Sainsbury's over scheme impact of Asda merger

Victoria Tichá
clock • 2 min read

The Pensions Regulator and Sainsbury's have confirmed they are in talks over the impact of the Asda tie-up on the supermarket's defined benefit (DB) pension scheme.

This follows the announcement made on Monday that Asda's DB pension scheme will be retained by Walmart, following the merger, which will see Asda acquired by Sainsbury's and merged into a single £5...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

UK DB profit warnings fall for first time in a year

UK DB profit warnings fall for first time in a year

EY-Parthenon report shows 18 profit warnings were issued by UK sponsors with a DB scheme

Holly Roach
clock 16 May 2024 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 14 May 2024 • 1 min read
Partner Insight: Using DB surplus to support DC provision

Partner Insight: Using DB surplus to support DC provision

Aggregate defined benefit (DB) funding levels have improved to over 130% resulting in over 80% of DB schemes now being in surplus.*

Yassin Isman, Associate Partner, Aon
clock 13 May 2024 • 4 min read
Trustpilot