Mothercare schemes gain £1.6m from pension increase exchange exercise
Mothercare's two schemes gained £1.6m after a pension increase exchange (PIE) exercise, one year after a company voluntary agreement (CVA) stopped the schemes entering the Pension Protection Fund (PPF).
In an announcement on the London Stock Exchange today (24 May), the retailer revealed members of the Mothercare Staff Pension Scheme and the Mothercare Executive Pension Scheme were given the option to...
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