Obligation for the Asda defined benefit (DB) pension scheme will not be shared between Walmart and J Sainsbury following the merger of their two supermarket businesses, it has been confirmed.
The merger, which was confirmed today, will see Asda acquired by Sainsbury's and merged into a single £51bn enlarged business but retaining separate supermarket brands. Pledging to protect the interests...
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019