The Pension Protection Fund aims to protect pensions – not management

Toys R Us can’t find £9m to help save 3,200 jobs. So what went on when the UK arm wrote off a £584m loan to its US parent?It looks terrible for the Pension Protection Fund (PPF): the pensions lifeboat fund is planning to vote against a restructuring of the UK arm of Toys R Us, an action that could mean 3,200 people lose their jobs. On the company’s proposal, only 800 employees would depart and the others would resume the fight against Amazon’s invasion of the toy ma