London Daily

Focus on the big picture.
Thursday, May 28, 2026

Lady Green to pay £50,000,000 into vast Arcadia pensions deficit

Lady Green to pay £50,000,000 into vast Arcadia pensions deficit

Lady Tina Green has said she will pay £50 million into Arcadia’s pension deficit earlier than planned.

Sir Philip Green’s wife was the official owner of the retail empire, which includes Topshop and Burton, until it collapsed into administration on Monday.

Last year, she promised to pump £100 million into the company’s pensions scheme.

Two separate instalments of £25 million have already been paid to the deficit-plagued scheme.

She has now confirmed she will pay the remaining £50 million, which was not due for another 10 months, within the next 10 days.

More than 9,000 current and former members of the pension scheme face potential cuts of up to 20% of their current benefits.


A Topshop store on Princes Street, Edinburgh


It is understood that the scheme is likely to be rescued by the Pensions Protection Fund after Arcadia’s insolvency on Monday.

The company’s total pension deficit is estimated to stand at £350m.

Lady Green, who is based in Monaco with Sir Philip, was the official owner of the retail empire until the administration earlier this week.

In a statement on behalf of Lady Green, the company said: ‘Last year Lady Green committed to paying £100 million into the company’s pension scheme in three instalments.

‘Two instalments of the amount of £25 million each as agreed has already been paid, the third and final instalment of £50 million was not due to be paid until September 2021.

‘Lady Green is going to bring this payment forward to be paid in the next seven to 10 days to complete the £100 million commitment of payment.’

Earlier on Wednesday, Business Secretary Alok Sharma wrote to The Insolvency Service asking them to look at the conduct of directors at Arcadia to see ‘whether their actions caused detriment to pension schemes’.

On Tuesday, a spokesman for The Pensions Regulator said: ‘We are aware of the challenges that the business is currently facing in these unprecedented times and we continue to work with the directors, the trustees and their respective advisers, as well as the PPF, to protect the position of the Arcadia pension schemes’ members to the fullest extent possible.’

Earlier this week, MPs also called for more details of the June 2019 restructuring deal struck between her, Arcadia, the Pensions Regulator and the PPF, which enabled the group to stave off bankruptcy at that time.

Newsletter

Related Articles

0:00
0:00
Close
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
U.S. Treasury Yields Slip as Energy-Driven Inflation Anxiety Cools
Extreme Spring Heatwave Blankets Europe Raising Summer Climate Alarms
European Union Faces Widespread Local Backlash Over Mega Data Centers
Washington Prepares Cuba Contingency Plans Amid Escalating Havana Pressure
U.S. Maintains Strategic Trade Tariffs Despite Advancing International Pacts
Canada Defies U.S. Defense Contractors With Swedish Arctic Surveillance Fleet Purchase
Wall Street Hovers Near Record Highs as Retail Sector Defies Inflation Constraints
Caesars Entertainment Agrees to $17.6 Billion Acquisition by Fertitta
White House Accelerates Infrastructure Security Following Violent Incidents
Prediction Market Legal Battles Escalate as Kalshi Sues Minnesota
World Health Organization Issues High Alert on Mutating Avian Influenza
'They're people from all walks of life across the UK'
EU Digital ID Claims Misstate What Brussels Can Legally Force on Member States
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
Kennedy’s Quiet War on Antidepressants Sparks Alarm Across America’s Medical Establishment
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
×