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...
The Pensions Regulator (TPR) will now seek to publish the first of two consultations on a revised defined benefit (DB) funding code in the new year, depending on the political environment.
This week’s top stories include the outcome of the Queen’s Speech, and HM Revenue and Customs calculation that pensions tax relief will cost the government £40bn this year.
With a raft of changes mapped out for the industry, pensions minister Guy Opperman says reforms will place customers at their core.
The number of members to have ever used NEST rose by 28% over the 2018/19 fiscal year to 31 March, according to its research arm, NEST Insight.
This week's edition of Professional Pensions is out now.