Mothercare has negotiated an extension to its scheme contributions schedule with a significant level of deficit expected following the offloading of its UK business last November.
The parent of collapsed UK retailer Mothercare has secured a revised payment schedule with its pension scheme trustees and said it is “on track” with its planned recapitalisation.
Pensions are too complex an issue to discuss on the general election campaign trail. Steve Webb says this is probably a good thing.
Members of the Mothercare pensions scheme can “be assured” that their savings will be protected after the collapse of the merchandiser’s UK business, says the Pension Protection Fund (PPF).
The PPF is increasingly being called to vote on behalf of pension schemes in the event of a CVA process. James Phillips speaks to Malcolm Weir about the lifeboat fund’s capabilities.
Mothercare's two schemes gained £1.6m after a pension increase exchange (PIE) exercise, one year after a company voluntary agreement (CVA) stopped the schemes entering the Pension Protection Fund (PPF).
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.
The Pension Protection Fund (PPF) has published its first official guidance on how it expects companies seeking company voluntary arrangements (CVAs) to set out their proposals.
Mothercare's defined benefit (DB) schemes have exited Pension Protection Fund (PPF) assessment after the struggling children's retailer's shareholders approved restructuring plans.
This week's top stories include Prudential slashing the size of its corporate defined contribution business, and National Grid's £2bn longevity swap with Zurich.
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.