Melrose Industries' £8.4bn offer has been accepted in today's shareholder vote, which will include injecting up to £1bn cash contributions for its two defined benefit (DB) schemes.
According to an announcement on the London Stock Exchange, as at 1pm today, Melrose received valid acceptances representing 52.4% of voting rights of GKN. Last week, the trustees of GKN's pension schemes...
Defined benefit (DB) scheme trustees are looking to their schemes to provide them with better technological support, with eight in ten agreeing ad-hoc and online meetings will permanently replace the pre-Covid quarterly meeting cycle.
Average transfer takes 11.9 days
Work and Pensions Committee
The number of excess deaths registered in England and Wales in the second week of 2021 is around 5,000, according to the Continuous Mortality Investigation (CMI).
More than 60% of pre-retirees supports the Financial Conduct Authority’s (FCA) investment pathways initiative, according to research by Legal and General Investment Management (LGIM).