Three things your client may call you about this week ...

Sir Philip Green under pressure

clock • 2 min read

Arcadia's struggling pension scheme, a new Vanguard product and annuities "worse than ever" - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Philip Green urged to plug pension gap before Arcadia administration Sir Philip Green is under pressure to use his private fortune to make up the "huge shortfall" in the pensions belonging to the workers in his retail empire, which is expected to enter administration, writes The Guardian. Arcadia's fall would represent the biggest corporate failure of the pandemic, the newspaper continues, as concerns grow of 13,000 job cuts and cuts to thousands of workers' pensions should they fall into the Pension Protection Fund. Arcadia, which owns popular brands such as Topman, Topshop, Burto...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Should spousal maintenance be abolished? A modern perspective

Should spousal maintenance be abolished? A modern perspective

Making the case for abolition and retention

Amy Walpole and Karen Brennan
clock 22 July 2026 • 4 min read
Advisers call on chancellor Healey to back business and revisit IHT reforms

Advisers call on chancellor Healey to back business and revisit IHT reforms

New chancellor will need to ‘stand fast on the plans ahead’

Sophia Panayi
clock 21 July 2026 • 3 min read
The two clocks of Burnhamism: Markets on Monday, clients over a decade

The two clocks of Burnhamism: Markets on Monday, clients over a decade

'Social care is the planning earthquake'

Phillip Wickenden
clock 21 July 2026 • 5 min read