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MPs recommend Sir Philip Green be stripped of knighthood

MPs have approved a motion recommending former BHS owner Sir Philip Green should be stripped of his knighthood.

The proposal tabled in the Commons asked for the Honours Forfeiture Committee to recommend the billionaire businessman's knighthood is "cancelled and annulled".

MPs backed the non-binding motion unopposed, meaning no full vote was needed.

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'Still no concrete offer' to resolve BHS pensions crisis

BHS pension trustee chairman Chris Martin has told MPs "discussions are continuing" to resolve its multimillion-pound pension fund black hole but confirmed there is no "single concrete proposal on the table at the moment".

Speaking at the Work and Pensions Select Committee, Mr Martin said his priority was to get the best deal for pension holders but warned they were not likely to get the full benefits they had expected before the retail chain's collapse.

He said he aimed to get members a better return than they would receive through the Pension Protection Fund (PPF).

"I think the trustees have to be realistic about this, on behalf of the members," he said, adding: "Settling somewhere between PPF and full benefits might be the best outcome that can be delivered."

Mr Martin also confirmed the possibility of so-called "wind-up lump sums" - one-off pension payments - were "still being discussed".

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