HMV deal fails to save scheme from PPF

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HMV's pension scheme is likely to enter Pension Protection Fund assessment despite a scheme apportionment arrangement in 2011, after the company announced its intention to enter administration today.

The retailer's scheme retained the Waterstones members when it sold off the bookstore in 2011 as part of the arrangement (PP Online, 8 Jun 11). It also resulted in HMV paying proceeds from the s...

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