UK - Unions have attacked beleaguered bus manufacturer Mayflower, which has ringfenced a £10m pension pot for directors while workers' benefits look set to be slashed.
The firm has gone into administration with a £20m black hole in its company accounts and a £17.7m FRS17 deficit in the £36m Mayflower Corporation Pension Scheme. But former chief executive John ...
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
