Supermarket giant Tesco has sold 16 stores to the British Airways Pension Fund in a £445m leaseback deal.
The pension fund, which has a £2.1bn deficit, now owns stores accounting for 2pc of Tesco’s UK floor space. A spokesman for the BA pension fund said: “We are pleased to have made this deal with Tesco....
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point