UK - Pensioners from the £1bn Thorn Pension Fund have won the first round in the battle to get back part of the surplus they believe is owed to them.
An OPRA committee has decided that the pensioners have the right to a full hearing on whether Japanese bank Nomura - which bought Thorn in 1998 - was right to take 65% of the £100m surplus, even t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
