F&R transaction: 'Good progress' in pension talks

Trustees of Reuters Pension Fund (RPF) and Supplementary Pension Scheme (SPS) said in a joint statement they continue to hold detailed discussions with Thomson Reuters and Blackstone.

“The discussions are making good progress and are being conducted in a positive atmosphere,” they said. “The Trustees hope to be in a position to make a more informative statement in the near future.”

The Trustees are discussing mitigation proposals arising from the impact of the deal on the two funds and protection of the long term security of benefits for RPF’s 7,200 members and SPS’s 180.

The sale of 55 per cent of the financial and risk division for $20 billion to the world's largest private equity company, due to be completed in the second half of this year, has implications for both pension funds.

F&R, which provides information and related services to financial services professionals, will be renamed Refinitiv when the deal closes. ■