CVA

Mothercare's defined benefit (DB) schemes have exited Pension Protection Fund (PPF) assessment after the struggling children's retailer's shareholders approved restructuring plans.

House of Fraser is in talks with The Pensions Regulator (TPR) around the future funding of its defined benefit (DB) scheme as it seeks to restructure the business.

Almost one in ten company voluntary arrangements (CVAs) have resulted in the firms falling into administration within three years, according to an accountancy firm.