Thomas Cook pension schemes expected to enter PPF
Entered liquidation on Monday
Thomas Cook entered into liquidation on Monday.
Thomas Cook's four UK defined benefit (DB) pension schemes are expected to enter the Pension Protection Fund (PPF) as the company begins insolvency proceedings.
While a notification has not yet been submitted to the lifeboat fund, an assessment period is likely to begin in the coming days, during which the level of potential benefits will be assessed. According...
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