Insurance Deal Bails Out MF Global’s U.K. Pension Plan
An insurer focusing on pension buyouts has agreed to take over the failed broker-dealer’s British pension liabilities.
David Turner
November 6, 2013
MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York, U.S., on Tuesday, Nov. 1, 2011. MF Global Holdings Ltd., the holding company for the broker-dealer run by ex-Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy protection as it seeks to reorganize after making bets on European sovereign debt. Its broker-dealer unit, MF Global Inc., faces liquidation. Photographer: Stephen Yang/Bloomberg
Stephen Yang/Bloomberg
