Telent trustees claim takeover ignorance

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Trustees of the £3bn Telent pension fund were "unaware" of the £400m takeover of its sponsoring firm by a subsidiary of Guernsey-based Pension Corporation.

In a letter to the 60,000 members of the scheme, chairman of the trustees Chris Holden said the trustees were not told of the offer by the buyout firm’s subsidiary – Co-Investment No.5 LP Incorpora...

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