The UK arm of Toys R Us has entered administration just two months after a major restructuring deal was agreed with creditors including the Pension Protection Fund (PPF) to prevent the company going bust.
The news today means the toys giant's defined benefit (DB) pension scheme with an estimated £38m deficit will likely fall into the lifeboat fund. In late December last year, the PPF reached a settlement...
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.