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

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
PPF 7800 aggregate surplus falls by £5.3bn in April

PPF 7800 aggregate surplus falls by £5.3bn in April

Lifeboat fund’s 7800 index shows surplus stood at £258.5bn as at the end of last month

Martin Richmond
clock 12 May 2026 • 3 min read
Trustpilot