How BHS administration affects staff pensions: what you need to know

Rachel Lacey

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The Pension Protection Fund (PPF) has started to assess the BHS pension scheme, following the retailer’s collapse this week, in a move that is likely to see it take responsibility for the final salary pensions of some 20,000 existing and former employees.

The Pension Protection Fund (PPF) has started to assess the BHS pension scheme, following the retailer’s collapse this week, in a move that is likely to see it take responsibility for the final salary pensions of some 20,000 existing and former employees.

The BHS pension scheme currently has a deficit of £571m.

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Source Moneywise http://ift.tt/24moGmA