Life & Pensions - What is the role of pension fund trustees in takeover discussions?
Terry Monk - A fairly simple answer is that the role of the pension fund trustees is, at a very minimum, to strengthen or protect the position of members, and certainly not weaken the position of the members.
David Archer - The regulator is encouraging trustees to put themselves in the same position they would be if they were a bank lender, for example, or one of the senior unsecured creditors. In our experience,
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