Guinness Peat forks out 'stunning' £18m to defend against probe by watchdog

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Guinness Peat Group (GPG) is set to spend around £18m on legal advice and fees over a two-year period, in its defence against action by The Pensions Regulator (TPR).

Its 2014 half-year financial report showed approximately £10m was spent on advice for the pensions probe in 2013, with a further £8m put aside for anticipated costs this year. Pension lawyers ha...

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