Green May Face MP Grilling Over Pensions Deficit
Daily Mirror|November 30, 2020
Sir Philip Green could be hauled before MPs if he fails to plug a £350million black hole in his high street empire’s pension scheme.
Graham Hiscott
Green May Face MP Grilling Over Pensions Deficit

Arcadia, which includes Topshop, Topman, Burton and Dorothy Perkins, is expected to collapse into administration this week, possibly today.

The biggest high street casualty since the start of the coronavirus pandemic would put 15,000 jobs at risk.

Pressure is mounting on Sir Philip to cough up to ensure the 10,000 members of Arcadia’s pension fund are not left out of pocket.

The scheme would be eligible for the Pension Protection Fund if the company goes bust.

However, members risk the value of their retirement pots being cut by up a quarter.

This story is from the November 30, 2020 edition of Daily Mirror.

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This story is from the November 30, 2020 edition of Daily Mirror.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.