The Printpack Limited Pension Scheme has taken a majority stake in its sponsoring employer as part of a management buyout of the firm from its American parent company.
It is believed this is the time a scheme has taken over a solvent sponsor, although the Uniq and Kodak schemes have come to similar agreements with insolvent businesses. The scheme's adviser KPM...
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, 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
