BHS

The BHS case has raised questions about the powers of trustees to hold sponsors to account. Michael Klimes looks at whether they should have more control

The top stories this week were a decision from the Ombudsman, trustees at BHS and M&S announcing proposals to close its DB scheme to future accrual

The withdrawal of Project Thor to rescue British Home Stores (BHS) raised concerns about the level of support for both schemes, MPs have been told.

The trustees and advisers for the British Home Stores (BHS) schemes were "independent" and "professional" according to former trustee chairwoman Margaret Downes.

The British Home Stores (BHS) trustees did everything possible to make the buyer and seller understand the scale of the deficit at the time of the sale, MPs heard yesterday.

The advisers to both the BHS pension schemes and Arcadia are among those who have been summoned to give evidence to the parliamentary committees investigating the collapse of BHS.

Most respondents believe more schemes will have to go into the lifeboat fund

The trustees of the BHS pension schemes and Arcadia have written to the Work and Pensions Committee accusing The Pensions Regulator of "misrepresenting facts" in oral evidence on Monday - a move that has forced the watchdog to issue a clarification.

There are growing calls for a Pensions Bill to be announced at the state opening of parliament next week amid concerns about the regulatory framework.

The Work and Pensions Committee (WPC) is reported to be considering appointing a special panel to help with its inquiry into British Home Stores (BHS).