Melrose Industries has claimed its board has the expertise to manage GKN's substantial pension liabilities in a formal offer letter to the firm's shareholders.
In the letter, published today, Melrose chairman Christopher Miller defended the company's pension track record - citing examples of where it has improved the funding positions of four other companies...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.