GAB Robins’ pensions capped as regulator takes stake in firm
GAB Robins UK has secured its future after striking a deal with The Pensions Regulator and its scheme’s trustees to eliminate its pension liabilities, with the public body taking an equity stake in the loss adjuster.
The move comes after the most recent actuarial report commissioned by the trustees in 2012 indicated the deficit could be as high as £83m. This represented a significant hike from the projected £25.6m
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