TPR: Regulatory framework not responsible for Project Thor failure
The scrapping of Project Thor to save British Home Stores cannot be blamed on pension regulation, according to the watchdog's chief executive Lesley Titcomb.
Project Thor was the plan to save the BHS schemes from having to fall into the Pension Protection Fund. In a letter to MP Frank Field, dated 6 July, Titcomb rejected several assertions made by a number...
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