The PPF is increasingly being called to vote on behalf of pension schemes in the event of a CVA process. James Phillips speaks to Malcolm Weir about the lifeboat fund’s capabilities.
Almost one in ten company voluntary arrangements (CVAs) have resulted in the firms falling into administration within three years, according to an accountancy firm.
The Pension Protection Fund (PPF) has received formal notification from Austin Reed's administrators, which could trigger an assessment period for its pension scheme.