TPR in talks over textile company scheme's £50m shortfall

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The Pensions Regulator is in talks with the trustee and sponsor of the Dawson International pension schemes to find a way to plug its £50m deficit.

The Scottish textile manufacturer - whose workforce has shrunk dramatically from 12,000 to 200 - is now dwarfed by its pension scheme and suffering severe cashflow problems. The scheme has fewer...

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