Morrisons trustees secure scheme protection from CD&R

The deal with Clayton, Dubilier & Rice will provide additional protection for the schemes

clock • 2 min read
Morrisons trustees secure scheme protection from CD&R

Morrisons has struck an agreement with private equity firm Clayton, Dubilier & Rice (CD&R) to provide additional protections to the Morrisons Retirement Saver Plan and the Safeway Pension Scheme, should the firm’s planned takeover of the chain complete.

The deal comes after schemes' trustees flagged their concern about the knock-on effects the takeover bids for the supermarket chain would have on their schemes and members. The agreement lays ou...

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

Tender Watch: Donaldson selects First Actuarial for scheme admin services

Tender Watch: Donaldson selects First Actuarial for scheme admin services

Firm to provide admin for 442 members of filtration manufacturer’s pension plan

Professional Pensions
clock 18 June 2025 • 1 min read
Pension Schemes Bill to unlock potential £600bn superfund market

Pension Schemes Bill to unlock potential £600bn superfund market

LCP says simplified gateway tests open up superfund opportunity to half of schemes

Jasmine Urquhart
clock 16 June 2025 • 1 min read
FIF25: Opportunities with DB pensions

FIF25: Opportunities with DB pensions

No ‘one size fits all’ approach to endgame, with changing allocations within DB schemes

Jasmine Urquhart
clock 04 June 2025 • 1 min read
Trustpilot