PP Show: Next trustee chairman underlines need for strong employer covenant

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High street retailer Next has supported its pension scheme through a number of buy-ins but does not want to throw cash into a liability-matching "black hole", trustee chairman Ian Richards says.

Speaking during a panel discussion at the PP Show, Richards said the £500m scheme had moved assets into 75% growth, 25% protection with the support of the sponsor. He also revealed the scheme ha...

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