Debenhams has agreed to pay a total of £76m into its defined benefit (DB) schemes over the next eight years following the completion of the fund's triennial valuation in June.
The department store chain will contribute £9.5m to the schemes each year from 1 April 2014 to 31 March 2022, according to its full-year results published today. The funds, which were in deficit last...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.