{"id":224689,"date":"2023-01-24T11:00:57","date_gmt":"2023-01-24T11:00:57","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=224689"},"modified":"2023-01-24T17:33:52","modified_gmt":"2023-01-24T17:33:52","slug":"thousands-of-former-arcadia-staff-close-to-receiving-retirement-payouts","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/thousands-of-former-arcadia-staff-close-to-receiving-retirement-payouts\/","title":{"rendered":"Thousands of former Arcadia staff close to receiving retirement payouts"},"content":{"rendered":"
Insurance company Aviva<\/a> is reportedly on the brink of an agreement to guarantee retirement payouts to thousands of former Arcadia Group employees.<\/strong><\/p>\n According to Sky News<\/a>, trustees of the Arcadia Group pension scheme are close to striking a binding deal to guarantee its members' incomes. If concluded, it would bring to an end negotiations about one of the UK's biggest corporate pension schemes.<\/p>\n The fate of Arcadia's pensions, which includes employees of Topshop<\/a><\/span>, Topman<\/a><\/span>, Burton<\/a><\/span>, and Dorothy Perkins<\/span><\/a>, has been in the balance since Sir Philip Green put the group into administration at the end of November 2020 after failing to secure additional funding to keep it afloat.<\/p>\n