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Pensions lifeboat 'demands new BHS administrator'

The Pension Protection Fund (PPF) is demanding that insolvency advisory firm FRP Advisory be appointed alongside Duff & Phelps as BHS administrator amid concerns about the chain’s demise, it has been reported.

BHS on Oxford Street

BHS on Oxford Street

BHS on Oxford Street

The pensions lifeboat, which is one of BHS’s biggest creditors, is understood to have lodged a proxy filing in relation to FRP’s appointment at the meeting of creditors set to take place today in London, Sky News has reported.

It said the PPF wanted other advisers to be appointed alongside Duff & Phelps, although would not comment on the source of its concern on Wednesday.

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