Trustees of the HMV Group Pension Scheme have agreed to a scheme apportionment arrangement, paving the way for the troubled retailer to complete the £53m sale of Waterstone's.
Under the deal, the bookseller will be sold to A&NN Capital Fund Management free from pension liabilities, in return for its current parent company signing up to a contributions schedule and giving...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
