British Polythene scheme granted security ahead of company acquisition
The British Polythene Pension Scheme (BPPS) has been promised £3.8m per year in additional cash contributions until 2027 as its corporate sponsor is acquired.
The scheme will also benefit from a £40m security over company assets, reducing in value for each year of the additional contributions, as well as an additional company guarantee capped at £20m. The...
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