All mergers and acquisitions articles – Page 4
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Features
How to make sure a scheme merger runs smoothly
Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.
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OpinionManagers consolidate faster
Editorial: Proposed new rules on asset management fee disclosure could cut into the consistently high profit margins of asset managers, but there are other trends investors should be aware of.
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Opinion
Asset manager mergers: How they affect pension schemes
Analysis: The recent uptick in mergers and acquisitions activity in the asset management industry has sparked debate among experts over potential ramifications for schemes. Fees, innovation and relationships with managers could all be affected.
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News
Annuity market shrinks further but expects little impact on rates
The annuity market was shaken up last week when Canada Life agreed to acquire Retirement Advantage. Just six annuity providers remain in the open market.
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News
DB white paper will be published in winter
The Department for Work and Pensions will consider giving further “proactive” powers to the Pensions Regulator and examine the case for consolidation, in a long-awaited white paper on defined benefit to be published in the winter.
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News
Lawyer survey highlights lack of clearance sought from regulator
Just 21 per cent of pensions and restructuring lawyers normally suggest that clients go through the Pensions Regulator’s clearing process, reflecting a similar decrease in clearance applications submitted.
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NewsTrustees must secure funding after GM sells Vauxhall to PSA
General Motors has announced the sale of Vauxhall to French car manufacturer PSA Group, but will retain responsibility for the company’s UK pension obligations, sparking concerns over the security of members' benefits.
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OpinionWill M&As change in the post-BHS era?
Ruth Bamforth from Walker Morris explains what we can expect from current efforts to bring more companies planning mergers and acquisitions to go through the Pensions Regulator.
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News
Johnson Service Group adds £1.5m on top of recovery plan
Textile rental provider Johnson Service Group has committed to paying £1.5m to its defined benefit scheme following the £8.25m sale of its dry cleaning business to Timpson Group.
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FeaturesNational Grid goes ahead with new scheme sections
National Grid has decided on the section allocation of scheme members after agreeing on the creation of three independent sections within the National Grid UK Pension Scheme earlier this year
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News
TPR uses powers to stamp out non-compliance and avoidance issues
The Pensions Regulator has continued to demonstrate its tougher approach by fining trustees for non-compliance.
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NewsQuestions surround Bernard Matthews sale as PPF prepares to step in
Turkey producer Bernard Matthews has gone into administration, with the pension scheme expected to enter the Pension Protection Fund assessment period, but questions remain as to why the scheme was allowed to fail.
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FeaturesITV absorbs Wireless Group DB scheme
Broadcasting company Wireless Group has signed over its defined benefit pension obligations to broadcaster ITV, under the terms of sale of its television entities to the media giant, showing that defined benefit schemes do not have to be left behind in mergers and acquisitions.
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NewsHomebase M&A deal puts scheme security in the spotlight
Home Retail Group’s defined benefit scheme will receive a £50m cash injection as part of the proposed sale of its Homebase business, underscoring the need for trustees to consider the impact of disposals on covenant strength.
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OpinionM&A: Getting to grips with the impact on schemes
From the blog: All over the world corporates are rebuilding their balance sheets, accumulating record levels of cash and having their valuations boosted by upturns in stock markets.
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News
How to get the best for your scheme in M&As
Any Other Business: Last week, oil giant Royal Dutch Shell announced plans to buy rival BG Group for £47bn and is widely predicted to be the first in a swath of deals across the sector.
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Features
Imerys consults on ceasing DB accrual after merger
Mineral specialist Imerys is undertaking a consultation to cease accrual in its defined benefit pension scheme, following the completion of a scheme merger earlier this year.
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NewsKodak deal captures new age of sponsor-scheme creativity
News analysis: Purchasing assets from insolvent sponsors could become more common for schemes looking to secure member benefits, according to lawyers working on the Kodak case.
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