Northern Foods will contribute a "proportion" of the £6.4m sale of loss-making frozen food products manufacturer Dalepak to Irish Food Processors Group to help fund its £146.4m scheme deficit.
The firm - which supplies products including pizza brands Goodfellas and San Marco to five major supermarkets chains - saw the actuarial deficit on its defined benefit schemes worsen by £81.4m last year....
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.