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Arcadia employee pensions (No. 2)

EDM (Early Day Motion) 1267: tabled on 14 December 2020

Tabled in the 2019-21 session.

This motion has been signed by 12 Members. It has not yet had any amendments submitted.

Motion text

That this House notes that Arcadia has gone into administration, potentially putting approximately 13,000 jobs at risk; recognises that approximately 10,000 members of Arcadia’s pension scheme are being assessed for entry into the Pension Protection Fund; asserts that the £385 million pound agreement to support employees pensions which was concluded in 2019 must be protected; recalls Sir Philip Green’s systematic plunder of former businesses including BHS; and calls on the Government to ensure that Sir Philip Green fulfils his responsibilities to cover any pension shortfall among his employees.