The BHS settlement and the pensions Green Paper

09 March 2017

The Pensions Regulator has met its critics by securing a £363m settlement with Sir Philip Green.

Also, in response to recommendations from the Work & Pensions Committee prompted by the BHS case, the Department for Work & Pensions has issued a Green Paper seeking views on:

  • a mandatory clearance regime;
  • permitting benefit reductions; and
  • expanding the Pensions Regulator’s powers to wind-up schemes.