HMV's pension scheme is likely to enter Pension Protection Fund assessment despite a scheme apportionment arrangement in 2011, after the company announced its intention to enter administration today.
The retailer's scheme retained the Waterstones members when it sold off the bookstore in 2011 as part of the arrangement (PP Online, 8 Jun 11). It also resulted in HMV paying proceeds from the s...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
