MP says Topshop tycoon should fund high-deficit scheme with his own moneyFrank Field has resumed hostilities with Sir Philip Green, calling for the businessman to personally fund the Arcadia pension scheme, which has a “worryingly high” deficit.The independent MP, who chairs the work and pensions committee, has written to Green over the proposed financial restructuring of his Arcadia fashion empire that raises doubts about the future funding of the group’s legacy pension funds, which have a deficit of up to £750m. Continue reading…
Via: Frank Field resumes fight with Philip Green amid Arcadia pension row
Categories: English News