{"id":78083,"date":"2018-01-26T23:04:41","date_gmt":"2018-01-26T16:04:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-greed-hits-other-companies-pensions-letters\/"},"modified":"2018-01-27T00:03:41","modified_gmt":"2018-01-26T17:03:41","slug":"carillion-greed-hits-other-companies-pensions-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-greed-hits-other-companies-pensions-letters\/","title":{"rendered":"Carillion greed hits other companies\u2019 pensions | Letters"},"content":{"rendered":"


\nThe Pension Protection Fund receives its money by levies on other pension funds, writes Peter BrownThe collapse of Carillion and the payout of \u00a3900m from the Pension Protection Fund will not be a \u201chit to the public purse\u201d (Report, 25\u00a0January). The PPF receives its money by levies on other existing pension funds. These levies have to increase to cover the demise of underfunded schemes. Since there are few, if any, new pension schemes being started, this burden is being forced on a reducing number of remaining schemes.This is fundamentally unfair. When companies knowingly pay dividends and bonuses instead of making payments into their pension schemes, they are taking money from their own employees, and when these companies go broke they are taking money from other companies\u2019 employees. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Carillion greed hits other companies\u2019 pensions | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Pension Protection Fund receives its money by levies on other pension funds, writes Peter...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-78083","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kjp","jetpack-related-posts":[{"id":60842,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-under-pressure-to-inject-funds-amid-growing-pension-concerns\/","url_meta":{"origin":78083,"position":0},"title":"Carillion under pressure to inject funds amid growing pension concerns","date":"July 16, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Carillion under pressure to inject funds amid growing pension concerns","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/after-carillion-how-many-firms-can-the-pensions-lifeboat-rescue\/","url_meta":{"origin":78083,"position":1},"title":"After Carillion how many firms can the pensions lifeboat rescue?","date":"January 17, 2018","format":false,"excerpt":"\r The Pension Protection Fund can absorb the firm\u2019s liabilities but the spotlight is now on others with big pension deficitsThe pensions lifeboat that comes to the rescue when firms go bust is about to get a lot more crowded following the collapse of Carillion.The sprawling construction and outsourcing firm\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/call-to-overhaul-pension-regulator-after-carillion-and-british-steel-pension-fiascos\/","url_meta":{"origin":78083,"position":2},"title":"Call to overhaul pension regulator after Carillion and British Steel pension fiascos","date":"February 18, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Call to overhaul pension regulator after Carillion and British Steel pension fiascos","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5040,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-final-salary-schemes-as-combined-pension-fund-deficit-grows\/","url_meta":{"origin":78083,"position":3},"title":"Warning over final salary schemes as combined pension fund deficit grows","date":"May 14, 2013","format":false,"excerpt":"\r PPF figures reveal shortfall up \u00a320bn to \u00a3256.6bn as DHL becomes latest firm to consult with staff on closing schemeFinal salary pension schemes could be consigned to history in just three years, experts have warned, as it emerged that the combined deficit of UK pension funds increased by \u00a320bn\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24573,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/defined-benefit-pension-fund-deficit-grows-by-100bn-in-a-month\/","url_meta":{"origin":78083,"position":4},"title":"Defined benefit pension fund deficit grows by \u00a3100bn in a month","date":"September 1, 2016","format":false,"excerpt":"\r Total combined deficit is now \u00a3710bn, according to a PwC report, with companies having to halt dividend payoutsThe combined deficit of the UK\u2019s 6,000 defined benefit pension funds has grown by \u00a3100bn in the last month, bringing the total deficit to \u00a3710bn, according to a new report.The research, by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-directors-accused-of-being-contemptuous-over-pension-payments\/","url_meta":{"origin":78083,"position":5},"title":"Carillion directors accused of being 'contemptuous' over pension payments","date":"February 20, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Carillion directors accused of being 'contemptuous' over pension payments","rel":"","context":"In "Property 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