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Pension
’QE2 collateral damage
No wonder the National Association of Pension Funds has been wailing about the Bank of England’s plan for another round of QE.
September’s update from the UK’s Pension Protection Fund makes for grim reading.
In pension trustees BA trusts
There’s a pretty big `if’ hovering over British Airways’ proposed merger with Iberia:
Iberia will be entitled to terminate the merger agreement if the outcome of the discussions between British Airways and its pension trustees is not,
BA/Iberia proposed merger terms announced
Here are the key details of the memorandum of understanding for a proposed “merger of equals” between BA and Iberia. And, my, does it look complex.
A new holding company (TopCo) will be created that will own both the existing airlines.