Thread: BHS goes into administration
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Old 11-06-2016, 12:35   #20
Horizon
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Join Date: Feb 2006
Location: Essex
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Re: BHS goes into administration
When the last recession caused the collapse of value of UK pensions, I believe Green panicked as he believed his entire wealth could be destroyed.

Rather than being patient, recessions don't last forever and stock markets and pension fund values recover, he sold BHS quick. Hence the mess we're in today.

This is why most organisations today have scrapped final salary schemes for new members as they fear the impact of recessions (and people living longer) on the value of final salary scheme pension funds.
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