DRC

Defined Benefit

Covid restrictions lead Mitchells & Butlers to defer £13m of contributions

Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.

22 February 2021 • 1 min read

Defined Benefit

Lady Green brings forward £50m DRC as The Pension Superfund eyes Arcadia schemes

Lady Tina Green has agreed to pay a £50m deficit recovery contribution (DRC) to Arcadia’s pension schemes earlier than scheduled.

03 December 2020 • 2 min read

Defined Benefit

Coats Group defers DRCs for remainder of 2020

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 • 1 min read

Law and Regulation

Isio: One in five sponsors may end up suspending DRCs

Just over 10% of sponsors have requested the suspension of deficit reduction payments – a number that is likely to rise around 19% over the coming months.

12 May 2020 • 2 min read