Debenhams schemes remain in PPF assessment after rescue attempt fails

The Debenhams Retirement Scheme (DRS) and the Debenhams Executive Pension Plan (DEPP), which closed to future accrual in 2006 and have around 15,000 members, have both been in PPF assessment since last April when the ailing retailer launched a company voluntary arrangement (CVA) process. The High Street department store also has been in administration since April but the failure of Arcadia, announced this week, has had a knock-on impact, with around £75m of Debenhams' sales made from Arcadia stock. Both schemes were due to undergo triennial valuations this year. The 2017 review found ...