Betaville

Monty's next deal...part 2

I see the Commons' work and pensions committee has today posted on its website the letter it has written to The Pensions Regulator asking it to investigate the £350 million merger of Trinity Mirror and Northern and Shell Media, publisher of The Daily Express.

Here is the link to that letter - do click it on it if you want to see all the tough questions the committtee, chaired by senior MP Frank Field, has posed:

http://www.parliament.uk/documents/commons-committees/work-and-pensions/Correspondence/Letter-from-the-Chair-to-Chief-Executive-of-The-Pensions-Regulator-relating-to-Trinity-Mirror-pension-schemes-5-October-2017.pdf

Followers of my work won't be too surprised to learn about the committee's referral as I pusblished a piece in the Mail on Sunday's business section suggesting The Pension's Regulator had been asked to look into the deal and its impact on the pension funds.

http://www.thisismoney.co.uk/money/news/article-4980510/350m-Mirror-merger-faces-pension-probe.html

So, Betaville wonders whether this pension fund issue is likely to hold up the deal.....