Property News · September 20, 2016

Frank Field condemns plan to 'dump' Bernard Matthews pension scheme


Move is part of proposed purchase of food business that would see retirement scheme passed on to Pension Protection FundThe chair of parliament’s work and pensions committee has called on regulators to intervene against the “dumping” of a retirement scheme for current and former workers at Bernard Matthews, the turkey producer, as part of a takeover deal.Frank Field – who has led calls for former BHS chief executive Sir Philip Green to rectify the black hole in that company’s pension fund – spoke out against a deal that will see the Bernard Matthews retirement scheme being passed on to an industry-backed safety net for the pensions of insolvent companies. Continue reading…

Source : theguardian.com
Read more…Frank Field condemns plan to ‘dump’ Bernard Matthews pension scheme

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