Debenhams has agreed to pay a total of £76m into its defined benefit (DB) schemes over the next eight years following the completion of the fund's triennial valuation in June.
The department store chain will contribute £9.5m to the schemes each year from 1 April 2014 to 31 March 2022, according to its full-year results published today. The funds, which were in deficit...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
