TPR: Threat of action sparked MF Global buyout

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A buyout which kept the MF Global scheme out of the Pension Protection Fund (PPF) was only achieved after the scheme's insolvent employer was threatened with regulatory action, says The Pensions Regulator (TPR).

The deal, which took the MF Global UK Pension Fund out of PPF assessment, was secured last week after the scheme secured what TPR described as a "significant contribution" to plug its deficit (PP O...

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