Green’s ‘main purpose’ in BHS sale was to avoid pension liability, says watchdog

Pensions Regulator publishes report into how tycoon was pushed into agreeing to pay £363m to rescue retailer’s scheme

Sir Philip Green was pushed to pay into BHS’s pension after the industry regulator found the “main purpose” in selling the department store was to prevent taking on liability for the scheme.

The Pension Regulator on Tuesday published its report into a deal under which Green agreed to hand over £363m in cash to rescue the BHS pension scheme, and settle one of the biggest City rows of recent years.

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