Hoover 'in talks with TPR' over RAA to avoid collapse

James Phillips
clock • 2 min read

Hoover has revealed it is pushing for a deal to send its defined benefit (DB) scheme into the Pension Protection Fund (PPF) in order to avoid collapse.

The electricals company confirmed it is in talks with the lifeboat fund and The Pensions Regulator (TPR) to undertake a regulated apportionment arrangement (RAA), which would split the Hoover (1987...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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