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Philip Green may be forced to pay into BHS pension scheme

Sir Philip Green

The Pensions Regulator has begun formal legal proceedings against Sir Philip Green and Dominic Chappell that could force them to fill the £571m deficit in the BHS pension scheme, marking a dramatic escalation of the scandal surrounding the demise of the high street chain.

If Sir Philip Green pays up in full, then maybe he can keep his gong

Sir Philip Green

The stinging report by two committees of MPs on the failure of BHS left two points hanging in the air. First, the MPs did not say how much Sir Philip Green, whose reputation was demolished over 59 pages, should pay to cover the shortfall in the BHS pension schemes. It merely said Green “has a moral duty to act, a duty which he acknowledges”.

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