Summary
Directors of West Midlands companies looking to sell their businesses need to ensure their pension fund is in good shape, a lawyer warned today.
It follows the proposed takeover of W H Smith which has been stalled by a pension fund deficit, with its trustees insisting on an immediate pounds 215 million cash injection to make good the shortfall, before any ownership change takes place.See the full content of this document
Extract
Sort Out Pension Scheme Before You Try to Sell
Louise Pope, head of pensions at Birmingham and London based law firm Martineau Johnson, cautions deficits in final sal...
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