Pensions experts warn against Ppf pitfalls

Commercial law firm Wedlake Bell says enabling firms to pass pension deficits onto the Ppf in return for an equity stake in the business could potentially lead to an uneven playing field. David Norgrove, chairman of the Pensions Regulatorsays a scheme might be allowed to fall into the Ppf should there be an agreement with other creditors for the scheme to gain an equity stake in a new company. Wedlake Bell believes taking equity stakes in a battling firm could potentially lead to greater losses by the Ppf, if the firm sinks further or does not recover at all. It argues in some cases, sell...