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 endgame strategies 'not yet set in stone'

DB endgame strategies 'not yet set in stone'

WTW finds 57% of schemes plan to review their endgame strategy in the next two years

Martin Richmond
clock 28 May 2026 • 5 min read
DB scheme covenant risk rising due to global volatility, LCP finds

DB scheme covenant risk rising due to global volatility, LCP finds

Survey shows 49% of respondents say covenant risk has risen over the last 12 months

Martin Richmond
clock 28 May 2026 • 1 min read
Amount of extractable DB surplus likely to be below expectations, PPI says

Amount of extractable DB surplus likely to be below expectations, PPI says

Institute’s report says scale of surplus accessible remains ‘uncertain’

Martin Richmond
clock 27 May 2026 • 4 min read
Trustpilot