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

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UK/US - The Reader's Digest Association said 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...

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