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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Benefit

DB pension surpluses are back on the agenda

DB pension surpluses are back on the agenda

David Brooks looks at the arguments on how best to use pension surpluses

David Brooks
clock 14 September 2026 • 3 min read
DB scheme funding holds steady in August

DB scheme funding holds steady in August

Broadstone index shows steady funding as gilt yields up

Holly Roach
clock 11 September 2026 • 1 min read
PPF 7800 aggregate surplus rises by £2.3bn in August

PPF 7800 aggregate surplus rises by £2.3bn in August

Lifeboat fund’s index shows surplus rose to £273.6bn by the end of last month

Martin Richmond
clock 08 September 2026 • 2 min read
Trustpilot