THE TRUSTEES of J Sainsbury Pension Schemes have no power to force a private equity bidder to put more cash into the fund, a consultant claims.
Independent consultant John Ralfe accused the trustees of the supermarket giant’s two pension plans of “noisy sabre-rattling” after they warned that any buyer could have to plug a deficit of up to £3bn....
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.