Pension liabilities offloaded via "pre-pack" insolvency

Trustees Agenda posted on 10 April, 2017

According to the Financial Times, 17% of the 868 schemes managed by the PPF are as a result of "pre-pack" administrations, two in three of which involved sales to existing owners or directors. In total, companies have offloaded £3.8bn in pension liabilities by using the "pre-pack" procedure.