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People moves: Metallrente's Karch to retire as duo is set to replace him ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Pension superfunds face their moment of truth Consolidators combine multiple employers’ schemes under one roof and are expected to do their first deals later this year 10 January 2021 • 4:00pm Collapsed retailers such as House of Fraser, Debenhams and Arcadia group, owner of Topshop and Miss Selfridge, could all be early candidates for superfunds When department store BHS went bust in 2016, it left behind not only the shell of a once proud British retailer, but a £571m hole in the pension fund intended to look after former staff in their retirement. Its former owner, Sir Philip Green, who sold the chain for £1 a year earlier, eventually paid more than £350m to help plug the gap after intense pressure from MPs and regulators. ....