SIR PHILIP GREEN must cough up more cash to fill the BHS pension scheme black hole if he gets a £15 million refund under his deal with regulators, work and pensions select committee chair Frank Field said yesterday.

The disgraced billionaire came to a £363m settlement with The Pensions Regulator last month promising better terms than the statutory PPF compensation scheme for the 19,000 members hit by BHS’s collapse last year, when there was a £571m deficit in the scheme.

But Mr Green could get £15m back if 90 per cent opt for a lump sum instead of an annuity, MPs scrutinising the deal discovered.