Image:
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...
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
