Morneau Shepell appointed to oversee windup of Sears Canada pension

The Ontario Superintendent of Financial Services has selected Morneau Shepell Ltd. to take over the administration of Sears Canada Inc.’s pension plan. Following the announcement earlier this month that the company will seek a liquidation order from the Ontario Superior Court of Justice, the superintendent has determined a plan windup is inevitable, according to a release. Effective immediately, Morneau Shepell will take over administration of the plan and will be in touch with all plan members in the coming months.

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