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The Pension Protection Fund (PPF) issues new guidance on pre-pack administrations
What is the significance of the PPF's new guidance in practice?
A pension scheme frequently falls as one of several of a company's unsecured creditors when a company becomes insolvent. Often this will mean that the PPF must meet the insolvent company's pension liabilities as there will be no funds in the insolvent company to meet these.
For some time now the PPF has expressed concern where a pre-pack is concluded and the unsecured creditors have not been consulted before this has taken place. In particular when a pre-p
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