New standalone BHS scheme could be first under overhauled levy rule

Stephanie Baxter
clock
New standalone BHS scheme could be first under overhauled levy rule

A scheme to allow British Home Stores (BHS) members to avoid large cuts through the Pension Protection Fund (PPF) could be the first to be assessed under new levy calculations.

On 28 February the regulator and PPF announced they had reached a deal with Sir Philip Green to pay £363m to help fund the creation of a new scheme that will sit outside the lifeboat fund and continue...

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 Appointments

Outgoing FCA executive director of supervision  investment, wholesale and specialist Megan Butler

FCA's Megan Butler to step down from exec role

Butler set to depart in the spring and be replaced by Emily Shepperd

Pedro Gonçalves
clock 06 December 2021 • 1 min read
Former Willis president and Axa CEO named chair of Nest

Former Willis president and Axa CEO named chair of Nest

Brendan McCafferty takes on the role in February for a five-year term

James Phillips
clock 03 December 2021 • 3 min read
People Moves: Federated Hermes makes promotion

People Moves: Federated Hermes makes promotion

Vivek Bhutoria will become global emerging markets portfolio co-portfolio manager

PP Online
clock 03 December 2021 • 1 min read
Trustpilot