Fri, 18 January, 2019


Mirror/Express merger – AMP writes to Trustee

Posted: October 13th, 2017

AMP members have been following with interest, and probably some alarm, news coverage of Trinity Mirror’s proposed takeover of Northern & Shell. (Northern & Shell is currently owned by Richard Desmond and publishes the Daily and Sunday Express, the Daily Star and Star on Sunday, as well as magazines including OK!)

Various pension-fund implications of the proposed takeover have been highlighted in the media, and now AMP secretary Gerald Mowbray has written to the independent chairman of the MGN Pensions trustee board, Joanna Matthews, to find out where the board stands and what safeguards it has secured, or is seeking, to protect our members’ future pensions.

There is a busy agenda for the Association’s AGM in London on October 16 (details elsewhere on this website), which will be attended by Joanna Matthews, as well as Trinity Mirror’s group finance director Vijay Vaghela, TM’s deputy finance director Philip Brown, and group pensions manager David Astley. No doubt the consequences of the takeover will be discussed.

You can link to news stories about the takeover below:

http:/www.pressgazette.co.uk

http://www.telegraph.co.uk/business/2017/10/07/pension-trustees-prove-roadblock-130m-merger-trinity-mirror/

 

Latest News

  • A message from the Queen

    Posted: January 7th, 2019

    Former Daily Record news sub Ken McMaster sent us some happy news about his parents’ recent and notable wedding anniversary. You can …

  • Tony Bassett: read all about it

    Posted: December 6th, 2018

    FORMER Sunday People journalist Tony Bassett began writing books three years ago after more than forty years in journalism, and has just …

  • Congrats to Chris, our new trustee director

    Posted: November 8th, 2018

    WELL DONE Chris Rushton – he won the election for a new trustee director of the Mirror Group Newspapers Pension Scheme.

    The announcement …

We use cookies to ensure that we give you the best experience on our website.