Scheme could reduce recovery plan contributions if deficit continues to fall
The most read stories this week on Professional Pensions
The scheme agreed a reduction in payments to reduce annual cash cost going forward
Further strikes over USS contributions and a buy-in for Gordonstoun School
Mothercare signed a deal for a revised schedule of contributions in 2020
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.