Bernard Matthews deal 'lined owner's pockets' at expense of DB scheme

James Phillips
clock • 2 min read

The former owners of Bernard Matthews have been criticised for rejecting a takeover deal which would have stopped its defined benefit (DB) scheme from entering the Pension Protection Fund (PPF).

Rutland Partners, who sold the company to Boparan Private Office (BPO) for £87.5m in September last year, rejected a full takeover offer, which would have seen BPO take on the full liabilities of t...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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