TPR and PPF to probe pre-pack at Jacuzzi UK scheme sponsor

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The Pensions Regulator (TPR) and Pension Protection Fund (PPF) are investigating the pre-pack insolvency of Astracast over concerns the firm's owner has dumped its scheme on the lifeboat fund.

The firm, formerly known as Jacuzzi UK, was the principal employer of the Jacuzzi UK Retirement Benefit Scheme, which entered PPF assessment in February, with a deficit of approximately £51m on a f...

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