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Former BHS administrator criticises Pension Protection Fund

Duff & Phelps, former administrator of BHS, has reportedly criticised the Pension Protection Fund for “overriding” other creditors.

The firm has accused the PPF of having too much control over the process and overriding the interests of other creditors, reports in the The Times indicate.

In a letter to Labour MP Frank Field, Duff & Phelps managing director Phil Duffy said that handing over to FRP Advisory was “akin to having one builder start building a house and another one finish it”.

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