Melrose
GKN scheme splits into four and sees deficit reduction following Melrose acquisition
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 seeks buyout for GKN pension scheme
Turnaround company Melrose Industries is seeking to insure the benefits of one of the GKN pension schemes it took on when acquiring the aerospace business earlier this year, according to reports.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator writing to 14 pension schemes, questioning the values they were giving to members seeking to transfer out.
Melrose delays business sale aimed to fund GKN pensions
Melrose Industries has postponed the sale of one of its American subsidiaries from which some proceeds were earmarked for the GKN pension schemes.
TPR met with GKN trustees nine times over two years
The Pensions Regulator (TPR) has revealed it had nine meetings with the pension fund trustees of GKN from April 2016 to March 2018.
GKN shareholders accept £8.4bn Melrose bid
Melrose Industries' £8.4bn offer has been accepted in today's shareholder vote, which will include injecting up to £1bn cash contributions for its two defined benefit (DB) schemes.
Government demands commitments from Melrose over GKN bid
The government has pressed Melrose to make a series of binding commitments, including for pensions, over its hostile £8.4bn final takeover bid for GKN.
Five stories you may have missed this week
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.
GKN slams Melrose for 'misleading' claims over £3bn pension liabilities
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
Melrose pledges £1bn to GKN schemes as part of final offer
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Melrose warns Dana deal would 'increase risks' to GKN pension schemes
GKN's proposed merger deal with Dana means over two thirds of the group's gross pension liabilities will remain with the engineering giant, according to Melrose.
GKN trustees reach agreement over Dana merger
GKN has reached an agreement with its scheme trustees as part of a $6bn (£4.3bn) proposal to merge its Driveline businesses with Dana Incorporated.
TPR concerned Melrose takeover of GKN likely to have 'detrimental impact'
The Pensions Regulator (TPR) has expressed concern that a Melrose Industries takeover of GKN is likely to have a "detrimental impact" on the GKN defined benefit (DB) scheme.
Melrose records pension deficit as it defends record
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.
Melrose defends pensions track record in formal offer to GKN
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.
GKN warns Melrose bid could pose 'implications for covenant strength'
Engineering giant GKN has warned the proposed £7.4bn takeover by Melrose Industries could increase its pensions deficit.
GKN trustees warn Melrose over £1.1bn pension deficit
The trustees of GKN Group's schemes have warned Melrose Industries about the pension funding position, following a bid to take over the business.
