Pensions regulator accused over crash of 'zombie' scheme

The development raises wider concerns about the governance of company pensions - and the ability of the PPF to afford future bailouts. The pension scheme belonged to Polestar, a decades-old printer with its headquarters in Dunstable, Bedfordshire, which produces magazines such as Hello!, Top Gear and Gardeners' World, according to the Daily Mail. Applying for a bailout from the PPF will mean months of anxiety for members of the scheme. A rescue would lead to a reduction in benefits for all, or almost all of them. The scheme has been starved of cash for years, but the first big c...