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.
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 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.
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.
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'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.
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.
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.
Sir Philip Green has reportedly threatened Frank Field MP with legal action over allegations made in an interview with Talk Radio last week.
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.
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 will run to be re-appointed chairman of the Work and Pensions Committee (WPC) in the new parliament, his office has confirmed to PP.
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.
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.
Fully merging DB assets and liabilities into superfunds is "impractical and unrealistic", according to most respondents in last week's Pensions Buzz.
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.
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 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).
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.
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.
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).
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.
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.
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.