UK - P&O has partially transferred its pension fund to Paternoster in a deal worth £800m.
P&O said it has transferred the pension provision of 11,000 retired former workers but would continue to provide the pensions for 6,000 active members. Paternoster was expected to receive about £8...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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

