BHS pensions scheme – pensionsandsavings.com

Brilliant News – BHS Deal Helps 19,000 Members Get Better Pensions

February 28, 2017 Ros Altmann Comments 1 comment

28 February 2017 Well done to the Pensions Regulator – £360m deal to support BHS scheme Members will get much more than PPF while Sir Philip pays up for future pensions Regulator has worked hard to secure good structure for the deal as well as significant extra funding I am delighted that the Pensions Regulator has managed to agree a deal with Sir Philip Green that secures over £360m for the BHS pension scheme and takes members back out of…

BHS Pension Scheme

November 3, 2016 Ros Altmann Comments 0 Comment

3 November 2016 COME ON SIR PHILIP, JUST KEEP TO YOUR WORD AND PAY UP WHAT IS NEEDED Pensions Regulator is right to pursue BHS owners on behalf of pension members You don’t tell the Regulator what you think is the right amount, the Regulator tells you! Two important BHS questions have not been answered: Why did Sir Philip not get Clearance before selling BHS? How did both he and Dominic Chappell believe the half billion pound pension debt was…

The BHS Pension Scheme – a Q & A

July 25, 2016 Ros Altmann Comments 3 comments

25 July 2016 BHS could have obtained Clearance from Pensions Regulator before selling the company with its massive pension deficit Employers must not treat pension liabilities as optional – they have people’s lives attached Pensions Regulator has power to force previous owners to pay huge sums The Select Committees’ Report on the collapse of BHS makes distressing reading. The whole sorry saga has highlighted poor practices by many of the parties involved, but we must not forget that it is…