House of Fraser scheme expected to enter PPF assessment but could buy out benefits with insurer

James Phillips
clock • 2 min read

House of Fraser's defined benefit (DB) pension scheme is expected to enter Pension Protection Fund (PPF) assessment, but may be able to buy out benefits with an insurer.

It comes after both House of Fraser Stores and House of Fraser UK & Ireland - the last-man-standing scheme's two sponsors - are understood to have appointed EY as administrators earlier this mornin...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

Tender Watch: Co-op appoints First Actuarial

Tender Watch: Co-op appoints First Actuarial

Some administrators of Somerfield scheme to move to First Actuarial Manchester office

Professional Pensions
clock 29 September 2025 • 1 min read
Just four firms manage 80% of £1.1trn pension scheme assets

Just four firms manage 80% of £1.1trn pension scheme assets

LCP finds over half of new professional trustee appointments went to four firms since April last year

Jasmine Urquhart
clock 17 September 2025 • 3 min read
ONS estimates of very old increase in number

ONS estimates of very old increase in number

Around 15,000 have reached 100 or over as of 2024, compared to half as many 20 years ago

Jasmine Urquhart
clock 03 September 2025 • 2 min read
Trustpilot