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...
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