Debenhams schemes remain in PPF assessment after rescue attempt fails

Department store goes under

James Phillips
clock • 1 min read

Debenhams’ occupational pension schemes are expected to enter the Pension Protection Fund (PPF) after administrators failed to rescue the company from collapse.

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read