Morrisons pension trustees warn of risks around potential takeover

Morrisons Swansea

The takeover offers for Morrisons could “potentially weaken” the security of the supermarket’s pension schemes if no additional protections are offered, according to its trustees.

In a letter published on Tuesday, the trustees of the retailer’s two pension schemes said that whilst the plans were both currently in surplus, they remained dependent on the backing of Morrisons.

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