The pensions regulator is still pursuing former BHS owner Dominic Chappell over his role in the retailer’s collapse.
The regulator confirmed that enforcement action initiated towards the end of last year against Chappell and his company Retail Acquisitions is ongoing, according to The Guardian. Chappell has reportedly pledged to fight any legal action from the regulator, arguing the hole in BHS’s pension scheme was not his fault.
A spokesman told the newspaper: “Any action brought by the Pensions Regulator will be robustly defended because Retail Acquisitions did not cause or add to the pension deficit, that shortfall was built up during the previous ownership.”
The spokesman added that Chappell was working with the liquidator to recover £50m.
Earlier this week, Arcadia boss Sir Phillip Green made a voluntary contribution of £363m to settle the BHS pension scheme deficit. Green apologised to BHS pensioners and said he hoped the settlement would “put their minds at rest and close this sorry chapter for them.”