Laura Ashley pension scheme expected to enter PPF assessment

James Phillips
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The textile designer's scheme had a £15m deficit last June
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The textile designer's scheme had a £15m deficit last June

The Laura Ashley Retirement Benefits Scheme is expected to enter Pension Protection Fund (PPF) assessment after the textile designer filed for administration today.

The final salary scheme, which also offers defined contribution (DC) savings, is the first major scheme thought to be seeking lifeboat fund support amid the coronavirus pandemic. Although the PPF could...

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