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Pensions Regulator Should Show Its Teeth

Tuesday, August 22, 2017

 

Hard-earned retirement incomes have been put at risk for far too long by speculators and spivs.

GMB has called on the Pensions Regulator to bare its teeth following the body’s decision to prosecute Dominic Chappell.

Mr Chappell headed up Retail Acquisitions, the company that acquired BHS for £1 from billionaire Sir Philip Green in 2015.

The Pensions Regulator said it is prosecuting Mr Chappell for failing to provide information to an investigation into the sale of the collapsed retailer. [1]

Keir Greenaway, GMB National Officer, said:

"It's about time the Pensions Regulator realised it does have teeth and starts using them to protect the interests of working people.

"Hard-earned retirement incomes have been put at risk for far too long by speculators and spivs.

"GMB hopes today's decision by the Pension Regulator to step up is not just motivated by the profile of this case but a sign of things to come."

ENDS

Contact: GMB Press Office on 07958 156846 or at press.office@gmb.org.uk

Notes to editors:

[1] Dominic Chappell to be prosecuted over BHS collapse

Read more: http://www.bbc.co.uk/news/business-41012278

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