The Pension Protection Fund (PPF) has agreed to take on the pension scheme of architectural practice BDP in a deal which will save the firm from bankruptcy.
In return for offloading the underfunded scheme, BPD is paying additional cash contributions and has committed to repay loan notes to the scheme over the coming years. The lifeboat fund is also ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
