Debenhams fails to make pension payment as it prepares for administration
Debenhams has missed its April deficit recovery contribution (DRC) to its staff pension schemes as the struggling high street retailer files a notice of intent to appoint administrators amid the Covid-19 crisis.
The ailing department store chain today (6 April) confirmed it would appoint administrators to protect itself from the threat of legal action from creditors, which it said could have forced the business...
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GAD and DHSC increase tax flexibilities for NHS Pension Scheme
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.
![Charles Counsell: "Savers [could] rush into decisions about their pensions."](/api/v1/wps/f7d7abf/7e366f0a-3c82-4aa2-ba52-37312b0eb71e/3/Counsell-Charles-The-Pensions-Regulator-TPR-230x142.jpg "Charles Counsell: \"Savers [could] rush into decisions about their pensions.\"")
TPR chief warns of increased demand for DB transfer CETVs
The Pensions Regulator (TPR) chief executive Charles Counsell has warned scheme trustees could see an increased demand for cash equivalent transfer values (CETVs) from defined benefit (DB) members.
Ineffective regulation breeds inequitable outcomes
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
FTSE 100 schemes in 'best position' for 20 years before onset of Covid-19
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).
LGPS slashes deficit by £31bn in three years
The Local Government Pension Scheme (LGPS) cut its deficit by £31bn over the course of three years, its latest annual report shows.