House of Fraser scheme 'kingmaker' in restructuring approval

James Phillips
clock
House of Fraser scheme 'kingmaker' in restructuring approval

House of Fraser's defined benefit (DB) scheme has not been automatically placed into Pension Protection Fund (PPF) assessment despite restructuring plans, PP can confirm.

The ailing retailer today (7 June) today confirmed it is seeking shareholder support for proposals to close more than half of its 59 stores across the UK as part of a company voluntary arrangement (CVA)....

To continue reading this article...

Join Professional Pensions

  • 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

Join now

 

Already a Professional Pensions member?

Login

More on Investment

Sustainable Investment Festival 2022: Register now

Sustainable Investment Festival 2022: Register now

Registration opens for SIF22, which will be held on 22-23 June next year

Professional Pensions
clock 14 January 2022 • 1 min read
Con Keating is head of research at Brighton Rock Group

Quick fix won't help pension investment in real economy

Con Keating looks at how and if pension assets can be used for venture and growth capital

Con Keating
clock 14 January 2022 • 8 min read
Quilter Investors portfolio manager Hinesh Patel

US inflation reaches highest peak in 40 years

Comes after UK inflation reached highest level in a decade in November

Elliot Gulliver-Needham
clock 13 January 2022 • 1 min read
Trustpilot