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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Blog | March 2009 (10 blogs) | Lawyers cast doubt over Harman's attempt to snatch pension
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Lawyers cast doubt over Harman's attempt to snatch pension
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A round-up of the pension news items this morning and over the weekend predictably focuses upon Sir Fred Goodwin’s pension. The most balanced article of the lot in my opinion, is by Terry Murden and Teresa Hunter who summarise the situation with this statement:
‘Whether politicians like it or not, most experts say that Sir Fred Goodwin is entitled to his £693,000 pension under the rules of the Royal Bank of Scotland pension fund, in the same way any other employee in his position would be, as long as the bank remains solvent. The report and accounts clearly spell out that all UK directors with one exception are members of the Royal Bank of Scotland Group Pension Fund, and that the rules of the scheme "allow all members who retire early at the request of the employer to receive a pension based on accrued service with no discount for early retirement".’
It’s an impartial and well written piece. For further details, see:
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Mike Jones, MyCompanyPension.co.uk Ltd, March 2nd 2009
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