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Trustees say neither of the two takeover bids for the supermarket will protect schemes adequately
The trustees of the two Morrisons pension schemes say both prospective takeover bids for the supermarket giant will materially weaken its schemes, which also do not have the resources to secure a buyout.
Trustees yesterday (24 August) said the futures of the 9,700-member £1.85bn Morrisons Retirement Saver Plan and the 31,900-member £3.7bn Safeway Pension Scheme are not secure in either of the takeo...
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