Pension Protection Fund

Court of Appeal

Jones takes on the brief after five years on the board, serving and chairing committees

Department store goes under

'Setting out longer-term view'

From £32bn to £23bn

£31.9bn deficit

The Pension Protection Fund (PPF) must ensure it pays out at least 50% of individual entitlements to members whose funds were absorbed into the lifeboat fund, the European Court of Justice (ECJ) has ruled.