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

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: Hertfordshire Pension Fund appoints BW

Tender Watch: Hertfordshire Pension Fund appoints BW

Firm to deliver actuarial, benefits, and governance and fund risk consultancy services

Professional Pensions
clock 12 July 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 09 July 2024 • 1 min read
XPS finds rise in DB transfer activity after 'record low' in April

XPS finds rise in DB transfer activity after 'record low' in April

Transfer Value Index remains stable but activity remains low

Jasmine Urquhart
clock 26 June 2024 • 1 min read
Trustpilot