Toys R Us scheme to face PPF as company goes insolvent
Estimated £38m deficit
The UK arm of Toys R Us has entered administration just two months after a major restructuring deal was agreed with creditors including the Pension Protection Fund (PPF) to prevent the company going bust.
The news today means the toys giants' defined benefit (DB) pension scheme with an estimated £38m deficit will likely fall into the lifeboat fund. In late December last year, the PPF reached a settlement...
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