Obligation for the Asda defined benefit (DB) pension scheme will not be shared between Walmart and J Sainsbury following the merger of their two supermarket businesses, it has been confirmed.
The merger, which was confirmed today, will see Asda acquired by Sainsbury's and merged into a single £51bn enlarged business but retaining separate supermarket brands. Pledging to protect the i...
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 for 12 months, 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
