The pension implications for Debenhams’ defined benefit plan as the company goes into administration
Debenhams has become the latest high street retailer to go into administration after its lenders took control of the business.
Anne-Marie Winton said, “We can expect the Pensions Regulator and Pensions Protection Fund to have been closely involved in the events leading up to the pre-pack, not least as Frank Field MP as chair of the Work and Pensions Committee will no doubt be putting pen to paper very shortly – and publicly – to them to inquire about the circumstances of the pre-pack and its impact on Debenhams’ defined benefit plan.”
Read Anne-Marie’s comments in Actuarial Post here
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