Toys R Us may have to pay around £9m into its defined benefit (DB) scheme so its restructuring deal can be agreed by the Pension Protection Fund (PPF), according to reports.
A vote will be held this Thursday 21 December on the proposed company voluntary agreement (CVA), a process which allows companies to restructure their finances, and requires the approval of a 75% m...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
