UK - Neither the trustees of Sainsbury's two pension schemes nor the Pensions Regulator would have the "power" to force a private equity bidder to pay the £3bn needed to plug the supermarket giant's pension deficit, claimed an independent consultant.
John Ralfe, who made his comments through RBC Capital Markets’ Open Forum Notes, claimed that under rule 35 of Sainsbury’s Deed and Rules, the company – and not the trustees as was the case when P...
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