McColl's trustees approach lead bidder for scheme talks

EG Group rumoured lead bidder for the convenience shop and newsagent’s operator

Hope William-Smith
clock • 1 min read
McColl's trustees approach lead bidder for scheme talks

The trustees of the McColl’s Pension Schemes have stepped up their efforts to keep members’ benefits protected amid the group’s collapse.

Lancashire retailer EG Group - claimed to be the leading bidder to acquire McColl's Retail Group - was sent a letter by the trustees asking it to begin engagement with them. The trustees have al...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

DB schemes remain on course for buyout

DB schemes remain on course for buyout

Funding levels dipped by 5% in November but continued to show a strong surplus

Martin Richmond
clock 01 December 2022 • 2 min read
Champion: "This year’s market volatility and challenging macroeconomic environment have tested fiduciary managers"

AUM in FM market decrease by 5% amid rise in gilts

Market growth remains below pre-Covid levels despite 7% increase in mandates

Martin Richmond
clock 30 November 2022 • 2 min read
Tender Watch: Maps seeks assessment service provider

Tender Watch: Maps seeks assessment service provider

Successful bidder will enable Maps to provide oversight of its standards and sub-standards

Professional Pensions
clock 29 November 2022 • 1 min read
Trustpilot