Arcadia pension scheme unlikely to be rescued like BHS – it’s different this time!
Not sure Arcadia’s owners have legal responsibility for fixing its pension scheme deficit. SUMMARY: The company’s collapse has been hastened by the pandemic, which nobody could have foreseen and there seems little legal remedy for the pension members. This situation is not directly comparable to BHS as Sir Philip and Tina Green had agreed pension deficit repair contributions and paid what was asked by the Regulator and trustees. QE has inflated annuity costs and pension liabilities, so the Arcadia scheme…