Bernard Matthews sale sparks pension row as owners will get millions - but members of its pension scheme only 1p in the pound



The former owner of Bernard Matthews will receive millions from its administration while members of its pension scheme are set to get only 1p in the pound, research from a committee of MPs shows.
The details are set to spark a fresh row over pension rights and whether owners should receive huge sums from firms despite black holes in retirement funds.
The Bernard Matthews Pension Fund has been left with a gaping £17.5million deficit which is likely to swell to £20million, the report commissioned by MPs show.
The business, best known for producing Turkey products, was placed in a special type... read more

 
10 October 2016 in Business, Views: 45
Source: Daily Mail
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