Green family to pay £50m into Arcadia pension scheme within 10 days

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Concerns expressed that fund may still fall short as business secretary calls on watchdog to investigate bosses

Sir Philip Green’s family is to pay a promised £50m into their fashion empire’s pension scheme within the next 10 days – almost a year earlier than scheduled – as the business secretary, Alok Sharma, called on the insolvency watchdog to investigate the handling of the failed group.

Sharma has asked the insolvency watchdog to examine whether the conduct of directors at Green’s Arcadia Group, which owns a string of high-street brands including Topshop, Dorothy Perkins and Burton, led to problems for the group’s pension fund.

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