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.

To read this article in full, please click here


The latest from SimplyBiz

26 March 2024

Mortgage Solutions: In conversation with Philip Daffern, Head of Lender Relationships at SimplyBiz Mortgages

Read more >

21 March 2024

SimplyBiz announces major tech upgrade for member firms

Read more >

21 March 2024

FIBA UK, part of SimplyBiz, adds Foundation Home Loans to lender panel

Read more >

12 March 2024

Fabian Wiesner: This time it's different...or is it?

Read more >