UK pensions 'lifeboat' flagged concern about BHS fund in 2012

Britain's Pension Protection Fund (PPF) first flagged concern about department store BHS's pension scheme in 2012, the fund's chief executive told a joint parliamentary committee on Monday. The 164-store BHS was placed into administration, a form of creditor protection, by owner Retail Acquisitions last month, putting the 88-year-old retailer at risk of disappearing from British shopping streets and jeopardising 11,000 jobs. BHS's pension scheme, which has 20,000 members and a deficit of 571 mil