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Commenting on the report of the DWP and BIS Select Committees, Steve Webb, Director of Policy at Royal London said: |
"Whether Philip Green has a legal duty to top up the BHS pension scheme will be decided by the Pensions Regulator. But this report shows that he has a clear moral duty to do so. The very BHS workers whose efforts produced the profits for BHS's owners in the good years are the same people whose pensions are now at risk of being cut.
Sir Philip Green has no excuse for being so apparently unaware of his responsibliities towards the company pension scheme and it is now time for action to deal with the problem". |
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