Sir Philip Sold Bhs To Dodge Pension Cost, Says Regulator

[mikey4444]

http://www.bbc.co.uk/news/business-40421414

"The controversial businessman Sir Philip Green sold the BHS business to dodge responsibility for its insolvent pension schemes if the firm should go bust, says the Pensions Regulator."

Well, well, well....what a surprise !

[Garaman]

I can think of quite a few more suitable adjectives than controversial, Mikey.

[mikey4444]

Garaman....there are lots of words that I could use, when discussing Green, but they would almost certainly get me banned here on AB. I shall leave them up to your imagination !

[ToraToraTora]

err except he didn't, he paid personally did he not?

[mikey4444]

"In February, Sir Philip ( eventually ) finally agreed, after months of pressure, to pay £363m into the BHS pension schemes"

Eventually is my word.

[Peter Pedant]

I mean god even i realised that
and I have never been a pension trustee

[youngmafbog]

Not that I want to defend Sir Shifty but its an odd thing to claim. I hope he has some written proof that Green actually did think that.

[Islay]

Wait for 'it was all the tories fault'!!

[Peter Pedant]

well I fear it was Mr Brown who taxed the pension funds £20bn a year and well and truly screwed final salary pensions over the last 20y

The deficit is basically £400 bn - and hey for those who do fundamental arithmetic 20 x 20 is four hundred

[wolf63]

I got an email from BHS the other day inviting me to visit their site. It is just like the old BHS site but I don't know who own it now. They are having a sale.

[ToraToraTora]

good point PP, Brown ripped off 400bn from pensions.