Essex County Fire and Rescue Service (ECFRS) has discovered a £15m black hole in its finances, after a pensions accounting error was overlooked since 2006.
Accounting changes made in 2006 meant additional pension payments awarded to firefighters who left the service due to work-related injury were funded by regional fire authorities, instead of centra...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here