Debenhams' creditors have passed a company voluntary arrangement (CVA), meaning its defined benefit (DB) schemes will leave Pension Protection Fund (PPF) assessment if the process completes successfully.
The CVA was agreed yesterday (10 May) after the struggling retailer had agreed a £200m refinancing lifeline with lenders at the end of March. The deal included support for its two DB schemes - the Debenhams...
The Local Government Pension Scheme (LGPS) has gone live with a cost transparency compliance system and has on-boarded all UK schemes onto the platform.
This week’s top stories include The People’s Pension provider B&CE furloughing 140 staff in response to pressures from the coronavirus, while the UK’s finance regulators called on pension savers to stay calm and avoid making rash decisions regarding savings....
Against a Covid-19 backdrop of deteriorating funding positions and reduced ability to pay DRCs, Alistair Russell-Smith looks at key actions for scheme sponsors.
Coronavirus Blog: B&CE furloughs 140 staff and changes charging structure; HMRC pushes back deadline for GMP data cuts
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.