Theresa May vows to protect pensions from 'irresponsible bosses'

Theresa May has revealed plans to stop "irresponsible bosses" bringing about a repeat of the BHS scandal which saw retail tycoon Philip Green branded the "unacceptable face of capitalism".

The party's general election manifesto will contain a commitment to give the Pensions Regulator new powers to scrutinise takeovers or "unsustainable" dividend payments that threaten the solvency of a company pension scheme.