UK - Unions have dubbed four MG Rover directors "morally unacceptable" for setting aside £10m for their own pension funds.
Transport & general Workers’ Union general secretary Tony Woodley said that although the directors had presided over good company performance, the generous pension bonuses were just “corporate greed”.
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
Plastics manufacturer Carclo has missed yet another dividend as it continues to battle its defined benefit (DB) pension funding shortfall.