Sir Philip Green risks new pensions row over Topshop funding cut

Sir Philip Green
Sir Philip Green

Sir Philip Green’s high street empire wants to halve the annual funding it provides to its retirement scheme in a move that risks plunging the billionaire former BHS owner into a fresh pensions row.

Sky News can exclusively reveal that Arcadia Group and its advisers have proposed that it reduces its yearly £50m contributions to approximately £25m as part of a financial restructuring that will entail the closure of dozens of stores.

Read the full article on Sky News.