Melrose Industries has separated one of GKN's two defined benefit (DB) schemes into four sections allocated to the aerospace and automotive segments of the business, according to its half year results.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
The Pension Insurance Corporation (PIC) and GKN Group have approved a £190m buyout in one of the first de-risking deals of 2017.