Currys to cut pension contributions for two years

Contributions will be cut from £78m to £36m in 2023/24 and £50m in 2024/25

Holly Roach
clock • 2 min read
Currys to cut pension contributions for two years

Currys is set to reduce pension contributions in a bid to reduce costs and capital expenditure.

The electrical retailer has agreed to a reduction in pension contributions over the next two years from £78m in 2022/23 to £36m in 2023/24. The firm will then increase contributions in 2024/25 t...

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 Industry

Many investment managers 'struggle' to gauge net-zero progress

Many investment managers 'struggle' to gauge net-zero progress

LCP says addressing training and gaps in net-zero targets is ‘crucial’

Holly Roach
clock 10 October 2024 • 2 min read
Scottish Widows launches update to app for workplace scheme members

Scottish Widows launches update to app for workplace scheme members

Provider’s app will enable members to link existing insurance policies to support financial wellbeing

Martin Richmond
clock 10 October 2024 • 2 min read
Major pension funds launch 'landmark' blueprint for unlocking investment

Major pension funds launch 'landmark' blueprint for unlocking investment

Several policy recommendations made to unlock pension capital and fast track clean power

Holly Roach
clock 10 October 2024 • 4 min read
Trustpilot