The shift in shopping habits has generated fear as retail property values continued to fall throughout November, CBRE has found, causing concern for pension funds invested in the sector.
House of Fraser's defined benefit (DB) pension scheme is expected to enter Pension Protection Fund (PPF) assessment, but may be able to buy out benefits with an insurer.
This week's top stories include House of Fraser's defined benefit scheme becoming 'kingmaker' in the retailer's restructuring plans, and the need for a pool of 'super trustees' at The Pensions Regulator.
House of Fraser's defined benefit (DB) scheme has not been automatically placed into Pension Protection Fund (PPF) assessment despite restructuring plans, PP can confirm.
Struggling children's retailer Mothercare has announced plans to overhaul its store portfolio through a Company Voluntary Arrangement (CVA), by closing 50 shops and negotiating reduced rents.
House of Fraser is in talks with The Pensions Regulator (TPR) around the future funding of its defined benefit (DB) scheme as it seeks to restructure the business.