National Milk Records (NMR) is proposing to shareholders that it withdraws from the multi-employer Milk Pension Fund (MPF).
The move would see NMR pay a £10.1m lump sum to the ‘last man standing' scheme, and £4.7m (£3.3m in cash and £1.4 in ordinary shares) to the scheme's principal employer Genus, which would take on N...
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
