Northern Foods' Dalepak sale to help fund scheme deficit

clock

Northern Foods will contribute a "proportion" of the £6.4m sale of loss-making frozen food products manufacturer Dalepak to Irish Food Processors Group to help fund its £146.4m scheme deficit.

The firm - which supplies products including pizza brands Goodfellas and San Marco to five major supermarkets chains - saw the actuarial deficit on its defined benefit schemes worsen by £81.4m last...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Aggregate FTSE 100 DB scheme surplus hit £39bn in 2025

Aggregate FTSE 100 DB scheme surplus hit £39bn in 2025

LCP says there has been a ‘complete change’ in how FTSE 100 companies approach DB schemes

Martin Richmond
clock 21 May 2026 • 2 min read
Majority of DB schemes have settled on their endgame strategy, Aon finds

Majority of DB schemes have settled on their endgame strategy, Aon finds

Firm’s survey shows 84% of schemes with less than £500m in AUM targeting an insurance transaction

Martin Richmond
clock 21 May 2026 • 3 min read
DB scheme funding levels recover in April

DB scheme funding levels recover in April

Broadstone says funding levels ‘remain volatile’ amid ‘uncertain’ economic backdrop

Martin Richmond
clock 13 May 2026 • 2 min read
Trustpilot