Adrian Boulding: BHS pension 'debacle' should be catalyst for change

I've always enjoyed shopping at BHS so it was sad to see them go under after 88 years of trading. I felt for the 11,000 staff, many of whom will now lose their jobs and take a cut in their pension entitlement as it falls into the hands of the Pension Protection Fund (PPF). The figures paint a stark picture of an employer pension scheme deficit that had been allowed to rise massively since Sir Philip Green bought BHS in May 2000, reaching a colossal £571m when the retailer finally collapsed in administration. In fact the year Green bought the business the pension fund had a small £5...