Northern Foods trustees reach deficit deal paving way for Boparan deal

clock

Northern Foods has recommended a takeover bid from Boparan Holdings after its scheme trustees agreed a deal over the fund's £142m deficit.

The pensions shortfall had been seen as a stumbling block to its bid after rivals, and previously preferred bidders, Greencore pledged to pay down the deficit. However, a deal was struck on Frid...

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

DB aggregate surpluses see £31bn year-on-year rise, XPS finds

DB aggregate surpluses see £31bn year-on-year rise, XPS finds

DB:UK Funding Watch finds DB schemes ended 2025 in a ‘strong financial position’

Martin Richmond
clock 19 January 2026 • 1 min read
PPF 7800 aggregate DB surplus rises by £2.1bn in December

PPF 7800 aggregate DB surplus rises by £2.1bn in December

Lifeboat fund’s 7800 Index shows surplus stood at £259.7bn at the end of 2025

Martin Richmond
clock 13 January 2026 • 2 min read
DB transfer compensation sees 'radical decline' in 2025

DB transfer compensation sees 'radical decline' in 2025

Broadstone DB Redress Tracker shows compensation has steadily fallen since peaking in Q1 2022

Martin Richmond
clock 12 January 2026 • 2 min read
Trustpilot