Melrose seeks buyout for GKN pension scheme

James Phillips
clock • 1 min read

Turnaround company Melrose Industries is seeking to insure the benefits of one of the GKN pension schemes it took on when acquiring the aerospace business earlier this year, according to reports.

Sky News reported on Friday (31 August) that discussions are underway with insurers, such as Aviva and Scottish Widows, to secure a buyout for the smallest of the transferred GKN schemes. The sc...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Rathbones schemes complete £100m buy-in with Canada Life

Rathbones schemes complete £100m buy-in with Canada Life

Transaction secures the liabilities for 480 scheme members

Holly Roach
clock 09 May 2024 • 2 min read
John Turner Construction Group completes buy-in with Aviva

John Turner Construction Group completes buy-in with Aviva

Transaction secures the benefits of 18 deferred members and one pensioner

Jasmine Urquhart
clock 09 May 2024 • 2 min read
2023 bulk annuity market volumes soar to record-breaking £49.1bn

2023 bulk annuity market volumes soar to record-breaking £49.1bn

Aon says 2023 saw ‘dramatic growth’ in the market for schemes below £100m

Martin Richmond
clock 30 April 2024 • 2 min read
Trustpilot