Reader’s Digest insolvency ‘domino effect’ fears
The controversial rejection of a pension deficit funding deal between publishing company the Reader’s Digest Association (RDA) and the Pension Protection Fund (PPF) by the UK’s Pensions Regulator, which forced Reader’s Digest into administration, may be the first of many pension scheme-related corporate insolvencies, the industry has warned.
The UK arm of the RDA reached an agreement with the PPF to transfer the scheme, which has a deficit of £125 million to the lifeboat insurer, with additional
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