Philip Green
Green and TPR urged to find solution for Arcadia scheme members
The collapse of Sir Philip Green’s retail giant Arcadia must be met with clear solutions and support for its pension scheme, which looks likely to enter Pension Protection Fund (PPF) assessment, Stephen Timms has said.
MPs grill TPR chief executive over Arcadia dealings
Cases such as The Pensions Regulator's (TPR) recent negotiations with Arcadia are at the top of the watchdog's agenda, its chief executive has told MPs.
The Pension Superfund eyes Arcadia schemes after CVA approved
The Pension Superfund has told Arcadia's pension scheme trustees that it stands by to "assist the scheme trustees to deliver members into a safe harbour" after the company's rescue deal was approved.
TPR and PPF approve amended Arcadia CVA as rescue vote hangs on 'knife edge'
The Pensions Regulator (TPR) and The Pension Protection Fund (PPF) have approved amendments to Arcadia Group's company voluntary agreements (CVAs) ahead of a crucial creditors' meeting.
Philip Green agrees £25m Arcadia pensions deal with TPR and PPF
Sir Philip Green has agreed with The Pensions Regulator (TPR) to plunge an additional £25m into Arcadia's pension funds, paving the way for a restructure of his empire.
Arcadia pension schemes offered additional £185m of security
Arcadia's two defined benefit (DB) pension schemes have been offered an extra £185m of security over property by Sir Philip Green in the event that it is needed in the future.
Green up to 'old tricks' over plans to halve Arcadia pension funding, warn MPs
The Work and Pensions Committee (WPC) has criticised Arcadia's proposals to halve the deficit recovery contributions of its pension schemes as part of a company restructure.
Updated: Dominic Chappell must pay £87k for information-sharing failure
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
Green 'warns Field' about revealing details of BHS settlement
Sir Philip Green has reportedly threatened Frank Field MP with legal action over allegations made in an interview with Talk Radio last week.
Frank Field: We will shine a light on employers that shirk their duties
The Work and Pensions Committee (WPC) chairman talks to Michael Klimes about the challenges for occupational schemes and his unfinished business with Sir Philip Green.
TPR publishes regulatory intervention report on BHS settlement
The watchdog has published details of how it reached the settlement with Sir Philip Green over the future of two British Homes Stores (BHS) pension schemes.
Frank Field to re-run for WPC chairmanship
Frank Field will run to be re-appointed chairman of the Work and Pensions Committee (WPC) in the new parliament, his office has confirmed to PP.
Five stories you may have missed this week
This week's top stories include coverage of the political party manifestos ahead of the snap general election, and Tata Steel nearing a deal for the British Steel Pension Scheme.
'Frustrated' Field says Green must publish BHS settlement deal and warning notice
Frank Field is pressing Sir Philip Green to publish undisclosed details about the settlement he reached with The Pensions Regulator (TPR) on British Home Stores (BHS) at the end of February.
Industry slams single-sponsor DB superfunds
Fully merging DB assets and liabilities into superfunds is "impractical and unrealistic", according to most respondents in last week's Pensions Buzz.
New standalone BHS scheme could be first under overhauled levy rule
A scheme to allow British Home Stores (BHS) members to avoid large cuts through the Pension Protection Fund (PPF) could be the first to be assessed under new levy calculations.
BHS trustees: £363m cash injection delivers 'improved and sustainable benefits' for members
The landmark agreement between the regulator and Sir Philip Green over British Home Stores (BHS), which will enable members to avoid the Pension Protection Fund (PPF), has been welcomed by the trustees.
Frank Field: Insolvency Service 'has raised its game' on BHS
Frank Field has praised the appointment of a specialist counsel by the Insolvency Service (IS) as part of its enquiry into the demise of British Home Stores (BHS).
BHS pensions: Sir Philip Green and TPR on verge of £350m deal
A provisional deal between Sir Philip Green and The Pensions Regulator over the BHS pension schemes could be just 'days away', a Sky News report says.
Field: Evidence 'vindicates' PPF's appointment of BHS administrator
The Pension Protection Fund's (PPF) decision to appoint an administrator for British Home Stores (BHS) independent of Sir Philip Green has been "vindicated" says Frank Field.
BHS administration charges £1.3m higher than expected
Administration costs for British Home Stores (BHS) are £1.3m higher than estimates given last June according to documents published by the Work and Pension Committee (WPC).
Five stories you might have missed this week
This week's most-read stories included coverage of the Pension Schemes Bill in Parliament, a warning for scheme administrators to prepare for changes in data submission, and the cost of The Pensions Regulator's probe into BHS.
BHS probe costs TPR £1.3m in external charges in just seven months
The Pensions Regulator (TPR) has incurred almost £1.4m of external expenses investigating British Home Stores (BHS) and Sir Philip Green since the investigation started in March 2015.
TPR and trustees need new powers to prevent pensions crisis, say MPs
The Work and Pensions Committee (WPC) has called on the government to consult on giving the regulator new enforcement powers to avoid another British Home Stores (BHS) disaster.
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