The Pension
| Use attributes for filter ! | |
| Initial release | June 15, 2018 |
|---|---|
| Directors | Ryu Jang-Ha |
| Yang Jong-Hyun | |
| Yoon Changmo | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2234719 |
About The Pension
Disability benefits cost could rocket, report says
... The research from LCP, a firm of business consultants which specialises in The Pension and health sectors, forecasts the total number of pensioners claiming PIP will rise from about one million today to 1...
What's next for Wilko and its 12,500 workers?
... A PPF spokesperson said: " We understand this must be a worrying time for The Pension scheme members and we d like to assure those members that we re here to protect them if needed...
Kirklees police chief condemns jokes about 'baby-faced' recruits
... One respondent said they looked like " toddlers" while another wrote: " Has The Pension got so bad that they have to start at 12? " Defending the officers, who she named only as Alfie and Noah, Supt Brear said both had shown they have the skills to " make great cops"...
Tube strike: More London Underground staff to join walkout
... As part of the dispute, Unite has called for a guarantee that there would be no increase in employee contributions to The Pension scheme, no decrease in employer contributions, and no reduction in pension fund benefits...
Sri Lanka: The fate of a protest that toppled a president
... But opposition leaders say this could have an impact on The Pension funds of Sri Lankan workers...
LGBT veterans want military ban report immediately
... " Like many LGBT veterans who were dismissed, Ms Morgan is not eligible to withdraw The Pension she built up during her service and is now left on a low income...
Finance delays for divorcing teachers and NHS staff as pensions recalculated
... Louise Harris, 41, from Kesgrave in Ipswich, says the recalculation of The Pension " cash equivalent transfer value" - or CETV - means her children are currently stuck in an unsuitable home...
Brigitte Macron's great-nephew beaten in apparently politically motivated assault
... Mr Macron has faced some of the biggest demonstrations in a generation over his reform to The Pension system, which is set to raise the retirement age from 62 to 64 later this year...
Thomas Cook boss 'sorry' over collapse but defends pay and bonus
The Boss of collapsed Thomas Cook has said he is "deeply sorry" over the historic travel firm's liquidation.
Peter Fankhauser also that saying farewell to staff had been "heartbreaking".
The 178-year-old travel firm collapsed This Week , putting 9,000 staff in the UK out of Work - and leaving 150,000 British holidaymakers stuck overseas.
But Mr Fankhauser defended the £8. 3m he has been paid since November 2014, and denied he was a "Fat Cat ".
Rescue flightsThe 58-year-old said around half his remuneration, Some £4m, came in the form of share payments, which were now worthless as he did not cash them in before Thomas Cook went into liquidation on 23 September.
"I don't think that I Am the 'Fat Cat ' that I Am being described as," he told the newspaper.
Around 55,000 holidaymakers still need to be returned to the UKIt Comes as the UK's Civil Aviation Authority (CAA) gave an update on its efforts to repatriate stranded UK holidaymakers.
The CAA said on Saturday it had operated 69 flights, covering 40 airports at home and abroad, as Operation Matterhorn completed its sixth day.
Operation Matterhorn which runs until 6 October, has returned around 93,000 people so far and plans to run another 70 flights on Sunday.
Widespread criticismThe size of Mr Fankhauser's pay and bonuses has attracted criticism from Thomas Cook staff, unions, and politicians.
Business secretary Andrea Leadsom has asked the official receiver, which oversees liquidations, to look at whether bosses' actions "caused detriment to creditors or to The Pension schemes".
Top directors at The Holiday company have been paid a combined £20m in salaries and bonuses since 2014.
Prime Minister Boris Johnson has also questioned whether directors should pay themselves "large sums of money" as their businesses go "down The Tubes ".
Accounting questionsMeanwhile, Rachel Reeves , chair of The Business , Energy and Industrial Strategy Committee, said that The Public was "appalled that as Thomas Cook mounted up debt and as The Company headed for trouble, company bosses were happily pocketing hefty pay-packages".
She also said there were questions to be asked about Thomas Cook 's "accounting practices", with suggestions that they improved the chances of executives being paid large bonuses.
But Mr Fankhauser said: "That is just rubbish. I shouldn't say that. But it is just not right. "
He defended his pay saying it was not "outrageous" compared with other bosses in the FTSE 250 index, which Thomas Cook exited last December. He also said pay-packages had been set by The Firm 's remuneration committee and approved by shareholders.
'Uncertainty grew'Meanwhile, in a separate, Mr Fankhauser, a Swiss national, appeared to blame a group of Banks for not supporting a bail-out plan for Thomas Cook .
He said if bondholders and a syndicate of 17 Banks - including Barclays, Morgan Stanley , DNB, UniCredit, Credit Suisse , Lloyds and Royal Bank of Scotland - had acted faster, then Thomas Cook would still be trading.
"The longer The Talks dragged on, the more uncertainty grew, increasing the likelihood of a liquidity squeeze," Mr Fankhauser told the newspaper.
"Had we been quicker, we might not be in The Situation we are now. "
Thomas Cook had secured a £900m Rescue deal led by its largest shareholder Chinese firm Fosun in August, but a recent demand from its Banks to raise a Further £200m in contingency funding put The Deal in doubt.
Mr Fankhauser accused the Banks and bondholders of "trading for every point" during what were to be ultimately-unsuccessful funding talks.
He also told The Paper : "I think it would be very difficult for me to find another job in the UK. "
thomas cook collapse, thomas cook group
Source of news: bbc.com
