COMMONS

BHS settlement scrutinised, Vauxhall, Mirror, Bernard Matthews pension funds examined

08 March 2017

The Work and Pensions Committee begins scrutiny of BHS pension settlement, plus new questions over Bernard Matthews and Vauxhall deals and Trinity Mirror plc pension deficit.

The Committee publishes a letter to the Pensions Regulator (TPR) (PDF PDF 379 KB) beginning to ask for more detail on the terms of the out-of-court settlement reached with Sir Philip Green on the pension fund, and the full impact it will have on the BHS pensioners.

The Committee has also written to Deloitte LLP, administrators to Bernard Matthews, and to Boparan Holdings who acquired Bernard Matthews’ assets, regarding what provisions have been made around the Bernard Matthews pension fund and former employees.

Letters to the Pensions Regulator, PSA Group and Vauxhall

The Committee has also written to TPR, PSA Group and the Chair of the Vauxhall pension fund, which is currently in £840 million deficit.

The Committee has also previously published letters beginning scrutiny of the Trinity Mirror Group (PDF PDF 355 KB) pension scheme deficit.

Further information

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