The Pension Protection Fund is likely to lose a 33% stake in Jessops after the high-street camera retailer entered administration.
The Jessops scheme took a one-third stake in the retailer after a previous restructuring in 2009, while bank HSBC took a 47% stake. The Jessops scheme entered the PPF assessment period in 2009 a...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
