28 May 2008
According to industry sources, sugar and sweeteners group Tate
& Lyle may be considering the sale of its £870m pension
scheme and has been in unofficial negotiations with various pension
buyout companies.
Tate & Lyle has put £40m into the scheme in each of
the past two years and the UK portion is slightly in surplus. A
Tate & Lyle spokesman said: "Like many companies we are looking
at ways to de-risk our pension scheme. When we have a further
announcement to make, we will do so through official channels."
