Buyers will have to inform trustees of their intentions for target companies' defined benefit schemes when bidding to take over a business from next month.
The requirement to tell trustees about plans for contributions, future accrual and admission of new members are included in revisions to the Takeover Panel's code, published yesterday. These sta...
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
