The chair of a committee probing the collapse of BHS has asked the regulator whether it can seize Sir Philip Greens assets, which include his multimillion pound yachts, to plug a pensions shortfall.
In a letter to Lesley Titcomb, chief executive of The Pensions Regulator, MP Frank Field asked if the regulator could acquire assets other than cash from a person or company from which payment is being sought.
After the letter was published, Mr Field said: There is now nothing beyond limits as we understand it. Of course [Sir Philips] yacht could be targeted. A spokesperson for Sir Philip declined to comment.
Mr Field also asked the Pensions Regulator whether it could use its powers against individuals who are resident overseas or a co…
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