Sir Philip Green could receive a £15 million refund as part of his £363 million BHS pension settlement agreement, according to research by the select committee.

The billionaire could see the funds return if 90% of eligible pension fund members decide to take a winding-up lump sum instead of buying an annuity.

Frank Field MP is chairman of the Work and Pensions Committee.

Analysis by the Work and Pensions Committee suggest the tycoon could receive as much as £13 million even if only 20% decide against taking the lump sum.




Please enter your comment!
Please enter your name here