Sir Philip Green warned he may have to pay pension deficit

SIR PHILIP Green has been sent a warning notice from the Pensions Regulator which could see the former BHS owner being ordered to pay towards the company’s pensions deficit.

The watchdog said it has begun enforcement action “to seek redress on behalf of the BHS pension schemes”.

It has sent warning notices to the retail tycoon and his holding company Taveta, as well as serial bankrupt Dominic Chappell and his firm Retail Acquisitions Limited, to whom Sir Philip sold the business for £1.

Read on…

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