Former MG Rover workers also remain in the dark over their pensions after a disagreement between independent trustees appointed to the schemes and the directors. An actuary is soon to determine how much liability Phoenix Venture Holdings, which remains trading, should bear. So far it has paid £1.7 million. Its solvency has prevented the pension schemes from entering the Government’s Pension Protection Fund.
Sh1t like the above where people save for retirement only to have all that hard earned money disappear on them when their company goes under cant have been completely unexpected by the group of morons who set up the current pension fiasco?
This is another reason Im paying as little tax as possible here in England :rollin
Mailman
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