UK Coal scheme agrees debt-for-equity deal to save firm

clock

UK Coal shareholders are voting on the final stages of a plan to split the firm in two which would see its underfunded schemes take a controlling stake in one of the new companies.

The proposals would divide UK Coal into a mining division and a property division with the former retaining responsibility for the pension schemes which are approximately £430m in deficit. The s...

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

Tender Watch: Donaldson selects First Actuarial for scheme admin services

Tender Watch: Donaldson selects First Actuarial for scheme admin services

Firm to provide admin for 442 members of filtration manufacturer’s pension plan

Professional Pensions
clock 18 June 2025 • 1 min read
Pension Schemes Bill to unlock potential £600bn superfund market

Pension Schemes Bill to unlock potential £600bn superfund market

LCP says simplified gateway tests open up superfund opportunity to half of schemes

Jasmine Urquhart
clock 16 June 2025 • 1 min read
FIF25: Opportunities with DB pensions

FIF25: Opportunities with DB pensions

No ‘one size fits all’ approach to endgame, with changing allocations within DB schemes

Jasmine Urquhart
clock 04 June 2025 • 1 min read
Trustpilot