London Daily

Focus on the big picture.
Monday, Sep 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
RNLI Chief Executive Condemns Misinformation and Abuse Targeting Volunteer Crews
Metropolitan Police Charge Swindon Man with Assisting Foreign Intelligence Services
British Intelligence Report Warns Environmental Collapse Threatens Global Defense Infrastructure
Conservative Party Rejects New Taxes to Fund UK Social Care Reforms
Labour Government Signals Intent to Ease Residency Restrictions for Foreign Care Workers
Prime Minister Andy Burnham and Norwegian Prime Minister Jonas Støre Meet to Strengthen North Atlantic Defense
UK Government Plans to Revive Equity Loan Scheme to Assist First-Time Home Buyers
Prime Minister Andy Burnham Pledges Radical Reform for UK Utilities and Social Care
UK Treasury Prepares Difficult Autumn Budget Amid High Debt and Energy Volatility
Civil Aviation Authority Launches Review of Air Traffic Systems Following Digital Failure
X Reports First Increase in UK Revenues Following Advertiser Boycott
Shetland Islands Council Approves £400 Million Inter-Island Tunnel Project
Foreign Secretary Ed Miliband Warns Iran Against Hostile Activities on British Soil
UK Ministers Concede Chagos Islands Sovereignty Agreement Terminated After US Opposition
More in Common Poll Projects Hung Parliament with Labour Leading and Reform UK Gains
Prime Minister Andy Burnham Defends Economic Strategy as Public Finances Face Headwinds
Tony Blair Urges Government to Set Long-Term Goal of Rejoining the European Union
Prime Minister Andy Burnham Pledges Universal Free Social Care Funded Through General Taxation
UK Diesel and Petrol Prices Surge Near All-Time Highs Amid Middle East Energy Volatility
Analysis of Reform UK conference highlights deep political divisions over welfare and immigration
Bangladesh garment exports to the United Kingdom reach $915 million in early fiscal year
Royal Navy begins sea trials for new HMS Agamemnon hunter-killer submarine
New report suggests UK data centre expansion will create far fewer jobs than predicted
Major weekend closures announced for London Underground Piccadilly and Central lines
NHS leaders call for emergency winter funding to combat staffing shortages and rising illness
Far-right activist Daniel Thomas charged following alleged slashing of migrant dinghy
Home Secretary orders urgent review of border security following rise in small boat crossings
Prime Minister Andy Burnham to address Labour Party conference amid calls for long-term infrastructure plan
UK Treasury and Bank of England warn of rising inflation risks amid Middle East tensions
Royal Navy Diving Squadron Honoured for Global Bomb Disposal Efforts
UK State Pension Set to Approach £13,000 Per Year Under Triple-Lock
Rolls-Royce Wins Multi-Million-Pound Engine Contract with Philippine Airlines
TfL Questions Future of Heathrow Express Amid Proposed £33 Billion Expansion
Ed Miliband Warns Iran Against Hostile Operations on British Soil
S&P Global Manufacturing Index Signals Stabilization Amid Rising Fuel Costs
Prime Minister Andy Burnham Launches National Centre for Information Defence
UK Food and Drink Trade Deficit Surges to £21.1 Billion
OECD Upgrades United Kingdom Economic Growth Forecast to 1.1 Percent
Bank of England Faces Policy Challenges as Energy Prices Push Inflation Projections Higher
IMF Urges UK and Major Economies to Reduce Public Borrowing and Debt
UK Government Concedes Chagos Islands Sovereignty Deal is Dead Following Trump Opposition
Prosecutors Seek More Than 10 Years in Prison for Former DUP Leader Jeffrey Donaldson
UK Provided £66 Million in Emergency Security Funding for Mosques After Southport Disorder
Manston Inquiry Examines Role of Government Decisions in 2022 Overcrowding Crisis
Justice System Capacity Pressures Raise Concerns Over Release of Sex Offenders
UK Food and Drink Trade Deficit Widens to Record £21.1 Billion
UK Releases Climate Security Findings Previously Withheld Under Starmer
TalkTalk Races to Sell Consumer and Broadband Businesses as Administration Threat Looms
NHS Bodies Impose Minimum Two-Year Waits for ADHD and Autism Assessments
Andy Burnham Pledges £210 Million to Revive Boarded-Up High Streets
×