A lawyer for KPMG has denied that pensioners from mattress company Silentnight were harmed because of misconduct by one of its former restructuring partners.
KPMG is facing a fine in excess of £15m for helping private equity fund HIG shed Silentnight’s pension fund “as cheaply as possible” when it bought the company in 2011, a barrister for the Financial Reporting Council told a tribunal on 21 June.
