GKN trustees agrees 'positive' mitigation measures with Melrose

Victoria Tichá
clock • 2 min read

The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.

The agreement is an improvement on Melrose's final offer on 19 March of up to £1bn cash contributions for the defined benefit (DB) schemes. The trustees also said the enlarged Melrose Group woul...

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

Partner Insight: The DB endgame has changed - Is your scheme ready for run-on?

Partner Insight: The DB endgame has changed - Is your scheme ready for run-on?

Buyout is no longer the automatic destination for UK defined benefit schemes. A new regulatory landscape is reshaping the strategic choices available to trustees and sponsors.

Guy Bottomley, Client Portfolio Manager LDI, UK and Ireland @ Columbia Threadneedle Investments
clock 25 August 2026 • 4 min read
Partner Insight: Capacity, complexity and the endgame

Partner Insight: Capacity, complexity and the endgame

How operational pressures are reshaping trustee priorities.

TPT Retirement Solutions
clock 21 August 2026 • 1 min read
Majority of larger DB schemes still to set funding targets, BW research finds

Majority of larger DB schemes still to set funding targets, BW research finds

Long-term funding decisions mostly anticipated over the coming two years

Alex Levy
clock 19 August 2026 • 2 min read
Trustpilot