Refinitiv: 'Fair and reasonable' pensions agreement

The terms are fair and reasonable, Trustees of Reuters Pension Fund (RPF) and Supplementary Pension Scheme (SPS) said in a statement, and a formal agreement is now being drafted.

The agreement is predicated on completion of Blackstone’s purchase of 55 per cent of Thomson Reuters’ financial and risk division on 1 October when the business will be become a new company called Refinitiv. Thomson Reuters will retain a 45 per cent interest.

Previously, the Trustees said negotiations focused on protecting the long-term security of members' benefits.

The agreement will affect the RPF’s approximately 7,280 members and the SPS membership of about 180 former senior executives of Reuters. ■