National Milk Records to pull out of Milk Pension Fund

James Phillips
clock • 1 min read

National Milk Records (NMR) is proposing to shareholders that it withdraws from the multi-employer Milk Pension Fund (MPF).

The move would see NMR pay a £10.1m lump sum to the ‘last man standing' scheme, and £4.7m (£3.3m in cash and £1.4 in ordinary shares) to the scheme's principal employer Genus, which would take on N...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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