Robert Maxwell fraud haunts Mirror publisher as pension eats cash

By Yahoo! Finance   |   1 month ago
Robert Maxwell fraud haunts Mirror publisher as pension eats cash

The Mirror newspaper's owner, Reach, is increasing funding for the troubled MGN pension scheme due to a £219m deficit. The Pensions Regulator intervened, requiring Reach to invest £61.3m in 2025 and 2026, consuming 69% of its cash flow.

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