Question to the Department for Work and Pensions:

To ask Her Majesty’s Government whether the BHS pension fund has now transferred to the Pension Protection Fund (PPF) or whether the owner, former owner, or secured creditors are still able to make a financial contribution to obviate a need to transfer the fund to the PPF.

The BHS pension schemes are in Pension Protection Fund (PPF) assessment periods. During this period the schemes are able to accept contributions from the sponsoring employer to cover its debts to the schemes. They are also able to receive recoveries as a creditor or through the use of the Regulator’s powers. If the scheme assets are shown to be sufficient to buy its members annuities at least as good as the compensation paid by the PPF, the scheme will not transfer into the PPF.