Philip Green

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.