Pensions News

Not good times for the Government or UK pension holders then, who seem to both be in a state of stale mate, with the banks calling all the shots as usual, even though they are funded on a large scale by the tax payers in the first place.

Pensions in awkward territory

They may rank alongside other unsecured creditors, such as the banks, but put a company into administration and they often become a different beast with the largest seat at the table.
In the build up to a meltdown, though – as the banks start pulling the strings – they are curiously toothless.