UK - Troubled engineering group Invensys is to sell off subsidiary businesses to help plug its £415m FRS17 pension deficit.
The £3bn Invensys Group Pension Scheme will receive up to £150m after further non-core business subsidiaries are sold. The firm said 15% of the proceeds of sales above £1bn and up to £150m would...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
