This petition was submitted during the 2015-2017 parliament
Petition Introduce retrospective legislation offering protection to company pension funds
Philip Green purchased BHS in 2000. Since then he has reportedly extracted £580M from the company, driving it to bankruptcy. Meanwhile there is a £571M shortfall in the pension fund affecting thousands of workers. This is a morally reprehensible situation that should be rectified.
This petition is closed This petition ran for 6 months
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Related activity
MPs want to hear from BHS pensioners
A group of MPs called the Work and Pensions Committee are interested in hearing from BHS pensioners. In particular, they would like to hear from people who have faced cuts to their BHS pension. They would like people to answer one or more of the following questions:
-What has happened to your BHS pension?
-What effect has any cut had on your family finances?
-How has the state of the BHS pension scheme affected your planning for the future?
Your comments will inform the work of the Committee.
Share your views now on the UK Parliament website: http://www.parliament.uk/business/committees/committees-a-z/commons-select/work-and-pensions-committee/web-forum-bhs-pension-cuts/?utm_source=petition&utm_campaign=W%26PforumBHS&utm_medium=131987&utm_content=WandPforumBHS
The deadline for comments is Sunday 11 December 2016.
What is the Work and Pensions Committee?
The Work and Pensions Committee looks at and questions how the Government Department for Work and Pensions:
· is run
· spends money
· decides on its policies
It's a cross-party committee and is independent from the Government.
You can find out more about the Work and Pensions Committee on its website: www.parliament.uk/workpencom?utm_source=petition&utm_campaign=W%26PforumBHS&utm_medium=131987&utm_content=WandPforumBHS
You can follow the Work and Pensions Committee on Twitter: @CommonsWorkPen
This is a ‘select committee’. Find out how Select Committees work:https://www.youtube.com/watch?v=o_2RDuDs44c&feature=youtu.be