Walmart to retain Asda scheme after Sainsbury's merger

James Phillips
clock • 2 min read

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 i...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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