Currys to cut pension contributions for two years

Contributions will be cut from £78m to £36m in 2023/24 and £50m in 2024/25

Holly Roach
clock • 2 min read
Currys to cut pension contributions for two years

Currys is set to reduce pension contributions in a bid to reduce costs and capital expenditure.

The electrical retailer has agreed to a reduction in pension contributions over the next two years from £78m in 2022/23 to £36m in 2023/24. The firm will then increase contributions in 2024/25 t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Spence & Partners launches outsourced data service for DB schemes

Spence & Partners launches outsourced data service for DB schemes

Service set up for DB schemes with between 2,500 and 25,000 members

Holly Roach
clock 23 July 2024 • 1 min read
Two in five workers to fall short of minimum retirement lifestyle, Scottish Widows says

Two in five workers to fall short of minimum retirement lifestyle, Scottish Widows says

Research finds just one third of workers say they are ‘adequately’ preparing for retirement

Martin Richmond
clock 23 July 2024 • 5 min read
Trustee attrition – just a rumour or cause for concern?

Trustee attrition – just a rumour or cause for concern?

Holly Roach explores whether ‘onerous’ regulations will really cause trustees to quit

Holly Roach
clock 23 July 2024 • 9 min read
Trustpilot