Pensions with bust ...
 

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Pensions with bust companies Q.

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Not me but my son. He worked for Jaques Vert, the clothing company & paid into a company pension & I assume they contributed too. They went bust & were (he thinks,) bought by Style Group Brands. He left the company & found work elsewhere, now he’s struggling to find who, if anyone is still trading & how to find out about any pension fund he’s paid into, plus how to withdraw/transfer it.
Any ideas?


 
Posted : 26/07/2022 5:31 pm
 mesh
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Could try Pensions Tracing Service? Even if they went bust and the scheme ended up in the PPF (Pension Protection Fund) someone will still be administering it.


 
Posted : 26/07/2022 5:35 pm
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I know mine went into the PPF when my old employer went bust many years after I left them. However they would get in touch to tell him if that was the case.
Also, I believe once the PPF take over you can't do anything with it (i.e. transfers etc.)


 
Posted : 26/07/2022 5:38 pm
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Thanks mesh & swdan, he’s got some info from an ex worker via Faceplant but I’ll give him those details. I think he’ll be happy as long as he knows where it is.


 
Posted : 26/07/2022 6:07 pm
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The pension will be somewhere.

Looks like Jaques Vert was a brand owned by Calverton Brands, now liquidated:

https://find-and-update.company-information.service.gov.uk/company/07516992/filing-history

Reading the liquidation report* Evolve IS were hired as employee advocates, so they would have all the details - I would try them. https://evolveis.uk/

* https://find-and-update.company-information.service.gov.uk/company/07516992/filing-history/MzI2NDUzNDAyM2FkaXF6a2N4/document?format=pdf&download=0


 
Posted : 26/07/2022 6:47 pm
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Cheers footflaps, I’ll pass that on too.


 
Posted : 26/07/2022 7:14 pm
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I know mine went into the PPF when my old employer went bust many years after I left them

That will almost certainly be a Final Salary scheme which can be in debt. As this is a fairly recent company it will be money purchase, so can't be in debt, you just have whatever they / you put in.

NB The liquidator's report didn't list a pension fund as being a creditor, which again suggests money purchase scheme.


 
Posted : 26/07/2022 7:40 pm

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