Frank Field comments on BHS Pension Fund
12 September 2016
The Chair of the Work and Pensions Committee, commented on Sir Philip Green's statement regarding a solution to the BHS pension deficit.
Chair's comment
Rt Hon Frank Field, said:
"I welcome Sir Philip Green's statement. But a major barrier to settlement is not the complications, although there are plenty, but a willingness to put enough money into that settlement which ensures that no pensioner is worse off than the day Sir Philip took over BHS when the pension fund had reserves to guarantee everyone their full pension. That must be the aim now. But, of course, it does nothing for the 11,000 BHS workers who have seen their jobs taken."
Further information
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