Watchdog’s report on BHS collapse to be published imminently

BHS report

The highly anticipated report on the collapse of BHS is scheduled to be published by the pensions watchdog within weeks, according to City AM.

The publication of the Pension Regulator‘s probe into the downfall of one of the UK’s most iconic retailers had previously been delayed due to the General Election.

Sources told City AM that the 31-page report could now be released as early as next week.

It is expected to reveal why it decided to intervene following the retailer’s demise, and what measures it took to pursue former owner Sir Philip Green and hold him to account.

This eventually resulted in a £363 million payout from the billionaire to partially cover the £571 pensions deficit left by BHS‘s collapse.

READ MORE:  Sir Philip Green and his wife remain one of UK‘s richest couples despite BHS debacle

However, it has stated that it would not publish details into the settlement as this may prevent deals with companies in a similar position happening in the future.

Frank Field, the Labour MP who was head of the Work and Pensions Committee during the BHS scandal, has long been pushing for the release of the report after leading the charge for the parliamentary investigation into the BHS collapse.

The regulator has reportedly issued its final draft of the report to stakeholders, in order for them to give feedback and make amendments by Thursday.

Click here to sign up to Retail Gazette‘s free daily email newsletter


Please enter your comment!
Please enter your name here