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

TPO orders trustee director to repay £9.7m into schemes

TPO orders trustee director to repay £9.7m into schemes

Former director of trustee firm ordered to pay into Uniway Systems and Genwick schemes

Jasmine Urquhart
clock 19 November 2024 • 1 min read
SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

SPP says multi-employer CDC regulations could be 'unduly onerous' in areas

Trade body says it mostly supports the DWPs proposed regulations

Jasmine Urquhart
clock 18 November 2024 • 1 min read
Mansion House speech: What could a Maple 8 model mean?

Mansion House speech: What could a Maple 8 model mean?

Jasmine Urquhart asks how a Canadian model could be implemented and how the LGPS could help

Jasmine Urquhart
clock 13 November 2024 • 7 min read
Trustpilot