British Polythene scheme granted security ahead of company acquisition

Kim Kaveh
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The scheme will also benefit from a £40m security over company assets
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The scheme will also benefit from a £40m security over company assets

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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