MGN scheme to be fully funded by 2028 after TPR action

Scheme will get a £25.5m five-year injection from Reach plc

Jasmine Urquhart
clock • 2 min read
MGN scheme to be fully funded by 2028 after TPR action

The MGN scheme will be fully funded by 2028 and benefit from a £25.5m capital injection for five years following engagement by The Pensions Regulator (TPR).

The agreement between the scheme and its sponsor, publishing company Reach plc, was reached after engagement by the regulator following notification that agreement on the triennial valuation for 20...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Aggregate DB surplus increases to £273.7bn in February

Aggregate DB surplus increases to £273.7bn in February

PPF 7800 index finds funding ratio decreased slightly to 130.8%

Jasmine Urquhart
clock 10 March 2026 • 2 min read
New: DB endgame research reveals the challenges trustees face today

New: DB endgame research reveals the challenges trustees face today

Professional Pensions
clock 10 March 2026 • 1 min read
Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Consultancy’s Sirius Index shows fully-hedged scheme funding level rose by 1.1 percentage points last month

Martin Richmond
clock 09 March 2026 • 1 min read
Trustpilot