From the blog: The failure to rescue high street giant BHS could have widespread impact on the pensions industry, with experts warning the entry of its two DB schemes into the Pension Protection Fund will not be automatic.


Administrators Duff and Phelps last week announced the closure of 163 BHS stores and 11,000 job losses after several unsatisfactory buyout offers.


They said the working capital required to secure the company’s future proved prohibitive to a successful acquisition.

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