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...
This week’s top stories include reports of HM Treasury’s plans to give higher tax relief to those earning over £110,000, and Sir Steve Webb’s move from Royal London to Lane Clark and Peacock.
Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.
Think tanks The Fabian Society and Bright Blue have called for a new pensions commission, as Guy Opperman lends his support.
There are now just four days left to submit your entries for the UK Pensions Awards 2020…
A self-sufficiency approach is not riskless and trustees must consider covenant strength and longevity exposure. Chris Ramsey looks at the key considerations of running schemes on.