Asset Management

Penfida helps pension funds get heard in an M&A battle

Current wave of mergers and acquisitions is the first in which pension fund trustees have a right to speak up

Penfida helps pension funds get heard in an M&A battle
Photo: Micha Theiner

The current wave of mergers and acquisitions is the first in which pension fund trustees have a right to speak up.

Takeover Panel rules were amended in 2013 to force bidders to formally state their intentions towards their target's pension fund - and give trustees a formal right to say what they think of these plans, independently of the views of their employer.

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