New standalone BHS scheme could be first under overhauled levy rule

Stephanie Baxter
clock • 2 min read

A scheme to allow British Home Stores (BHS) members to avoid large cuts through the Pension Protection Fund (PPF) could be the first to be assessed under new levy calculations.

On 28 February the regulator and PPF announced they had reached a deal with Sir Philip Green to pay £363m to help fund the creation of a new scheme that will sit outside the lifeboat fund and conti...

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