UK roundup: House of Fraser plan strikes £600m buyout | News
[ad_1] The trustee of House of Fraser’s Beatties & Jenners Pension Scheme has insured some £600m (€698m) of liabilities via a buyout with the Pension Insurance Corporation (PIC). The transaction covers 3,850 deferred members and 5,050 pensioners. In August 2018 the pension scheme entered Pension Protection Fund (PPF) assessment in August 2018 after the UK…