Trustees of the Kodak Pension Plan (KKP) have launched a new scheme for its 15,000 members after reaching an unprecedented agreement to keep them out of the Pension Protection Fund.
In the deal KPP aquired two businesses from the sponsoring employer, which is in chapter 11 bankruptcy. In return the company was released from a £1.8bn claim to fund the scheme and a payment of up...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
