Ken Davy: BHS – the unacceptable face of company pensions

03 Aug 2016

As I pen these words, the disturbing sequence of events surrounding the closure of BHS continues to emerge. With a plot too far-fetched to be considered for a Jeffrey Archer novel, it is increasingly evident that a way must be found to prevent such disasters happening again.

If Sir Philip Green makes no move to clean up his “mess”, and it is worth bearing in mind it appears to be only a moral, rather than legal, obligation, then the money will come from the Pension Protection Fund.

Thank goodness for that, as it is vital that these 20,000 workers have some sort of safety net they can rely upon to ensure they are not left destitute in their later years by a set of circumstances outside their control.

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