Debenhams' defined benefit (DB) pension schemes will be "carrying on as usual" despite the department store chain falling into administration, the trustees have confirmed.
The struggling retailer had agreed a £200m refinancing lifeline with lenders at the end of March, which included support for its two schemes: the Debenhams Retirement Scheme and the Debenhams Executive...
Kim Gubler says the project to deliver the pensions dashboard is on track and that talk of a delay is incorrect.
The Debenhams brand and website has been acquired by online fashion retailer Boohoo for £55m, although the pension scheme, shops, and stock will not be purchased.
Eight major pension fund executives have called on prime minister Boris Johnson and the government to allow the financial sector to contribute to the UK’s decarbonisation efforts ahead of the COP26 summit in Glasgow.
A pension benchmark for future living standards is necessary and feasible if enough attention is given to formulating an accreditation that will work for both employers and employees, the Resolution Foundation says.
The UK Pensions Awards 2021 – which celebrate excellence within the pensions industry – are now open for entries.