GKN trustees warn Melrose over £1.1bn pension deficit

Kim Kaveh
clock • 2 min read

The trustees of GKN Group's schemes have warned Melrose Industries about the pension funding position, following a bid to take over the business.

This comes after Melrose put together a strategy for GKN's two defined benefit (DB) pension schemes, including a plan to sell its £1bn powder metallurgy business, according to the FT. Collective...

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 Industry

ICSWG launches investment stewardship alignment tool

ICSWG launches investment stewardship alignment tool

Tool will help asset owners test and assess how managers’ stewardship activities are in line with expectations

Holly Roach
clock 17 February 2026 • 2 min read
Pension saving 'not a priority' for Generation Z, SPP finds

Pension saving 'not a priority' for Generation Z, SPP finds

Survey finds 29% of respondents cite ‘affordability’ as key barrier for Gen Z to save into a pension

Martin Richmond
clock 17 February 2026 • 1 min read
News Digest: Why I'm deeply worried about politicians accessing our pensions

News Digest: Why I'm deeply worried about politicians accessing our pensions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 17 February 2026 • 1 min read
Trustpilot