deficit recovery contributions
Industry
Improved DB funding position leads to contribution reductions
14 September 2023
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1 min read
Defined Benefit
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
22 February 2021
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1 min read
Defined Benefit
Coats Group has agreed with its UK pension trustees to defer the payment of its remaining deficit recovery contributions (DRCs) for 2020.
13 August 2020
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1 min read
Law and Regulation
The Pensions Regulator is anxious to meet the industry’s expectations, but this latest challenge does not come with a manual. Hope William-Smith speaks to David Fairs.
28 April 2020
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14 min read
Defined Benefit
Newspaper publisher Reach has requested discussions with the trustees of its pension funds to defer deficit recovery contributions (DRCs) to shore up finances during the coronavirus pandemic.
06 April 2020
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2 min read
Defined Benefit
The Pensions Regulator (TPR) is “pulling out all the stops” to help struggling employers during the Covid-19 crisis, although latest guidance may put trustees in a “challenging” position, the industry says.
30 March 2020
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3 min read
Law and Regulation
Defined benefit (DB) scheme trustees should be open to employer requests to reduce or suspend deficit recovery contributions (DRCs) if there is a good reason to do so, The Pensions Regulator (TPR) has said.
27 March 2020
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2 min read
Defined Benefit
As the Covid-19 crisis sees employers seeking changes or suspensions to deficit contributions, Richard Knight looks at how schemes should respond to such requests.
24 March 2020
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4 min read
