The pension trustees of Sir Philip Green's former retail empire are in talks with Pension Insurance Corporation about a deal to insure its retirement scheme payments, Sky News learns.
Arcadia Group's pension schemes are closing in on a deal to offload retirement funding promises made by the retail empire owned by Sir Philip Green prior to its collapse two years ago.
The discussions are not thought to be exclusive with PIC, and other so-called pension risk transfer specialists are also said to have been engaged in talks in recent weeks.
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