Farm group Bernard Matthews becomes new focus of MPs' pensions probe after Boparan's takeover

The takeover of turkey farm group Bernard Matthews will be the latest focus of a probe by MPs this week, after the Pensions Regulator complained of being powerless to protect workers’ pensions put at risk by the deal.
The investigation is set to scrutinise ‘pre-pack’ administration deals, which can allow a company to keep trading while leaving creditors, including its pension fund, out of pocket.
The latest focus of the investigation comes after the regulator, Lesley Titcomb, wrote to the Work & Pensions Committee of MPs saying she had been frozen out of the deal to rescue Bernard... read more

8 October 2016 in Business, Views: 49
Source: Daily Mail

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