Plan to restructure Arcadia Group does not protect members, says
Philip Green’s rescue of his Topshop-to-Burton retail empire
has been thrown into doubt after the Pensions Regulator (TPR) said
the former billionaire’s restructuring plan did not adequately
protect the group’s 9,500 pension scheme members.
Green’s Arcadia Group has until 5 June to agree a deal with
the regulator and trustees of two legacy pension funds, which have
a deficit of as much as £750m.
Source: FS – All-News2-Economy
Philip Green's retail rescue plan at risk over pension scheme