Essex fire authority discovers £15m pensions black hole

clock

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Budget 25: Government to allow DB schemes to pay surplus funds directly to members

Budget 25: Government to allow DB schemes to pay surplus funds directly to members

Measure will make it easier for trustees and employers to agree surplus extraction

Jonathan Stapleton
clock 27 November 2025 • 3 min read
Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Budget 25: Rachel Reeves limits salary sacrifice pension contributions to £2,000

Measure will come into force from April 2029

Jonathan Stapleton
clock 26 November 2025 • 8 min read
Will there be further change in the taxation of DB surplus payments in the Budget?

Will there be further change in the taxation of DB surplus payments in the Budget?

Louise Pettit and Richard Knight ask if changes will allow for one-off payments to members

Louise Pettit and Richard Knight
clock 25 November 2025 • 3 min read
Trustpilot