Home Business NewsBusiness ‘Melrose in talks to offload £500m GKN pension scheme’

‘Melrose in talks to offload £500m GKN pension scheme’

by Purvai Dua
31st Aug 18 3:25 pm

According to a latest report, Melrose Industries has opened talks with a number of insurers, including Aviva and Scottish Widows, about taking on one of GKN’s pension schemes.

A Melrose spokesman told Sky News: “Melrose has pledged to inject £1bn into the former GKN pension funds. That pledge will be met regardless of any other measures, such as buyouts from specialist providers to enhance the pensioner covernant. Any deal would depend on pricing.”

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