In the Arcadia restructuring, therefore, he had to make peace with the Pensions Regulator. Lady Green would still be on the hook for any outstanding element of her £100m contribution; and the pension fund could claim £210m of security over assets. But it is hard to see how the Pensions Regulator could demand that the Greens fill the rest of the deficit. It is also why, even at this late stage, it is welcome that Frank Field MP is putting pressure on the Pensions Regulator to explain its workings. Questions to answer over Woodford affairUntil last week, Neil Woodford had many cheerleaders in the City and the retail investment community.

Source: The Guardian June 09, 2019 06:00 UTC