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 central government....
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
06 December 2021
•
2 min read
