British arm of Reader's Digest in jeopardy over scheme shortfall

clock

The Reader's Digest Association says The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.

RDA said it had temporarily delayed its emergence from US chapter 11 bankruptcy proceedings as a result. The US firm said it came to an agreement with the trustees of its UK pension plan and the...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Reeves: Final phase one pensions review report to be published in Spring

Reeves: Final phase one pensions review report to be published in Spring

Chancellor confirms plans for pensions in Oxfordshire growth speech

Jonathan Stapleton
clock 29 January 2025 • 1 min read
Public sector workers face uncertainty due to pension statement delays

Public sector workers face uncertainty due to pension statement delays

Royal London says delays until next month will ‘create uncertainty’ for self-assessment tax returns

Jasmine Urquhart
clock 24 January 2025 • 1 min read
Financial heavyweights join forces against chancellor's IHT/pension plans

Financial heavyweights join forces against chancellor's IHT/pension plans

AJ Bell, Quilter, Hargreaves Lansdown and Interactive Investor CEOs send joint letter

Jenna Brown
clock 23 January 2025 • 2 min read
Trustpilot