UPDATED: PPF reaches agreement with Toys R Us; CVA with creditors agreed

clock • 1 min read

The Pension Protection Fund (PPF) has reached a settlement with Toys R Us - a move that has paved the way for an agreement to be reached on the firm's Company Voluntary Arrangement (CVA).

As part of the agreement, Toys R Us has agreed to pay £9.8m into the pension plan - composed of £3.8m in 2018, with a further £6m promised over 2019 and 2020. The deal also sees the pension defi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

LGPS 'may struggle' to deliver proposed changes in access and fairness consultation

LGPS 'may struggle' to deliver proposed changes in access and fairness consultation

Hymans said administering authorities are already delivering other time-sensitive changes

Holly Roach
clock 08 July 2025 • 2 min read
Women in Pensions Awards 2025: Shortlists revealed!

Women in Pensions Awards 2025: Shortlists revealed!

Judges have carefully selected the impressive nominees for this year’s awards

Professional Pensions
clock 08 July 2025 • 4 min read
News Digest: Forcing pension funds to buy UK assets is 'form of capital control', says Lloyds boss

News Digest: Forcing pension funds to buy UK assets is 'form of capital control', says Lloyds boss

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 08 July 2025 • 1 min read
Trustpilot