Page 11 - John Ralfe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pension trustees learn to strut as history repeats for Philip Green Lessons have been gleaned from BHS limbo amid demise of Arcadia’s retail empire 14 February 2021 • 5:00am Thousands of Arcadia pensioners received news after Sir Philip Green’s bust retail empire was sold off for parts. Scheme trustees told them last week that £173m has been secured to help fund their retirements, thanks to a deal agreed in 2019 with the help of the pensions watchdog. It means hopes are rising that the funding deficit present when Arcadia collapsed will be closed. More money is expected from the sale o...

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A City dealmaker who once worked for Boris Johnson has held talks over an audacious rescue of the stricken Debenhams department store staff pension fund, The Mail on Sunday can reveal. In a move that could trigger a wave of similar salvage deals, Edi Truell's Pension Superfund has held detailed discussions with the Debenhams administrator and The Pensions Regulator about a plan to snap up the £1billion scheme.  A deal would mean many of the Debenhams scheme's 15,000 members would escape forfeiting part of their future pension payouts. Without a rescue, they face losing up to 10 per cent of ...