Bernard Matthews
TPR refrains from anti-avoidance action over Bernard Matthews pre-pack
The Pensions Regulator (TPR) has decided not to take any action against Bernard Matthews after the food products business used a pre-pack administration to offload its pension scheme in 2016.
Are pre-pack insolvency rules robust enough to protect pension creditors?
There are increasing concerns pre-pack administrations are being exploited to dump pension schemes into the PPF. Stephanie Baxter explores whether there is systemic misuse and if the regime is ripe for reform
Five stories you may have missed this week
This week's top stories include speculation about what the snap general election may mean for pensions, and Bernard Matthews' owners accused by MPs of throwing out a deal to save the DB scheme for their own benefit.
PPF helps prevent pre-pack administration sale of Pulse Flexible Packaging
The Pension Protection Fund (PPF) has helped block the sale of a packaging firm after a potential buyer initiated plans to drop its pension scheme obligations.
Bernard Matthews deal 'lined owner's pockets' at expense of DB scheme
The former owners of Bernard Matthews have been criticised for rejecting a takeover deal which would have stopped its defined benefit (DB) scheme from entering the Pension Protection Fund (PPF).
Field seeks clarity from TPR on member benefits from BHS deal
MP Frank Field has written to the regulator seeking more detail on the benefits secured for British Home Stores (BHS) pension scheme members from the deal struck with Sir Philip Green.
What were the top pension stories last week?
The biggest stories were MPs being told a rescue plan for Bernard Matthews appeared to dump the DB scheme, and why 'salami slicing' pensions tax relief could cost the government billions.
Bernard Matthews rescue plan 'appears to dump' DB scheme, MPs told
The pre-pack administration arrangement for turkey producer Bernard Matthews seems to have been designed to “dump” its pension scheme, the Work and Pensions Committee (WPC) has been told.
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