Anne-Marie Winton comments in The Mail on Sunday on De La Rue’s pension deficit
The British firm that lost out on a lucrative contract to print the UK’s first post-Brexit passports is facing accusations that its bid was inflated in an attempt to fill a vast pensions black hole.
De La Rue is grappling with an eye-watering £189 million pension deficit, which is almost 40 per cent of the company’s value and high enough to imperil its future, according to experts.
Anne-Marie Winton commented:
“De La Rue may well have thought, ‘We’re going to have to price this in a way that we can fund our deficit, which is very large and won’t go away overnight.’
“It could certainly explain why their bid was much higher. It’s something they may very well have considered.”
Anne-Marie comments were published in The Mail on Sunday and This Is Money
The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.