PPF in discussions with BHS over DB scheme

Michael Klimes
clock • 1 min read

The Pension Protection Fund (PPF) is in talks with British Home Stores (BHS) over transferring its 20,000 pensioners into the rescue agency.

The Financial Times reported that officials were asking Sir Philip Green who sold the retailer last year to contribute to the defined benefit pension scheme which has a deficit of more than £200m. ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Rory Murphy: The case for a permanent pensions commission

Rory Murphy: The case for a permanent pensions commission

Setting up an ongoing vehicle for reviewing the retirement savings landscape

Rory Murphy
clock 15 April 2024 • 4 min read
LTA abolition: What do schemes need to know?

LTA abolition: What do schemes need to know?

Communication, member protections and transfers just some of the aspects to prioritise

Jasmine Urquhart
clock 15 April 2024 • 6 min read
Former company director pleads not guilty to pension fraud charges

Former company director pleads not guilty to pension fraud charges

Defendant accused of defrauding workers’ pensions of two separate companies

Martin Richmond
clock 11 April 2024 • 1 min read
Trustpilot