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".
Given that the unanimous vote by MPs today was not binding, what are the chances of Sir Philip Green being stripped of his knighthood?
What Green did is not unique. He is a one-man version of the very substantial and global private-equity industry.
Sir Philip Green said he wanted to "sort" the BHS pensions scheme months ago but regulators say they are yet to receive a "credible" offer.