Morrisons acquires McColl's; schemes promised support

Scheme trustees welcome pledge as Morrisons signs deal for 1,000 outlets

Hope William-Smith
clock • 2 min read
Morrisons acquires McColl's; schemes promised support

Supermarket giant Morrisons has assured trustees of the McColl’s Pension Schemes that it will support its members as it acquires McColl’s Retail Group.

A spokesperson for the schemes this afternoon (9 May) said: "The trustees welcome the announcement that Morrisons will continue to support the schemes following its acquisition of the McColl's busi...

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

'Glaring omission' of climate risks in DB funding code

'Glaring omission' of climate risks in DB funding code

LCP analysis of TPR’s consultation documents found scarce references to climate change

Martin Richmond
clock 27 January 2023 • 2 min read
Tender Watch: PMI partners with Phoenix CIS

Tender Watch: PMI partners with Phoenix CIS

Phoenix will provide PMI members with latest content on investment-only platforms

Professional Pensions
clock 24 January 2023 • 1 min read
Taylor: " DB pension scheme funding is now in the best position it’s been for a long time "

FTSE 350 DB schemes' time to buyout halved in 2022

The average time to buyout fell by five years and four months

Martin Richmond
clock 23 January 2023 • 1 min read
Trustpilot