Dominic Chappell ordered to pay £9.5m into BHS pension schemes

The former owner of BHS, who has been declared bankrupt three times, has failed in his challenge against a contribution notice issued by The Pensions Regulator (TPR) about two years ago. The money, which will be collected by the Pension Protection Fund, is designed to compensate the schemes for what TPR's determinations panel described as "a series of acts or failures to act" that were "materially detrimental". These included his initial acquisition of BHS from Sir Philip Green for £1, management decisions of the company, the appointment of inexperienced board members, the implementat...