HBOS scheme trustees call for takeover delay

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TRUSTEES of the HBOS Final Salary Pension Scheme have asked a court to delay the takeover of its sponsoring employer by Lloyds TSB.

In a letter to the members of FSPS, the trustees said they were concerned the deal would weaken the covenant underpinning the HBOS scheme. The trustees said they "reluctantly" decided to ask the ...

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