LONDON A Financial Times investigation has found that several UK companies have used a controversial insolvency procedure to offload up to £3.8 billion of pension liabilities. The investigation found that 17% of the 868 schemes managed by the Pension Protection Fund (PPF) a fund which picks up pension liabilities from failing companies had entered the…
Bosses have come up with a new scam to avoid paying pensions. Pre-pack administrations are a way of selling off company assets before going bankrupt. Companies have used the schemes controversial insolvency procedure to offload £3.8 billion of pension liabilities. The Pension Protection Fund (PPF) is a lifeboat of last resort for the pension plans…
Looking ahead to BOC interest rate announcement: – Thirty-one per cent say they will be comfortable taking on more debt if rates decrease – Half say they will be more concerned about their ability to pay their debts if rates increase CALGARY, ALBERTA–(Marketwired – April 11, 2017) – As the nation awaits the Bank of…
CALGARY, ALBERTA–(Marketwired – Apr 11, 2017) – As the nation awaits the Bank of Canada’s next announcement on interest rates, Canadians’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt. Nearly thirty per cent of Canadians say that the current low interest-rate environment has caused them…
Firm Appointee/Solicitor Role Company Name Published Date Cor Cordis Dino Travaglini liquidator TWE Logistics Pty Ltd 10/04/2017 Cor Cordis Tony Uri Kolker liquidator AS Financial Solutions Pty Ltd 10/04/2017 SM Solvency Accountants Brendan Nixon liquidator Samson (WA) Pty Ltd 10/04/2017 SM Solvency Accountants Brendan Nixon liquidator Mandurah Heritage Gastropub Pty Ltd 10/04/2017 AMB Insolvency Anne…
Antonio Tarver $200,000 Gambling Debt At Center of Arrest 3/3/2014 10:06 AM PST EXCLUSIVE 10:34 AM PT — TMZ Sports has now obtained the original criminal complaint filed against Tarver in Nevada in 2013 … which shows he was charged with fraud and theft for taking out the money in 2012 and never paying it…
Shane Heal has been charged with three counts of fraud. Photo: Getty Images Australian basketball champion and former Minnesota Timberwolves and San Antonio Spurs player Shane Heal has been charged with three count of fraud relating to an alleged $750,000 scam. Shane Heal represented Australia at four Olympic Games. Photo: Tim Clayton Mr Heal, famed…
SALESFORCES IRISH ARM SEES PROFITS SURGE 1,200% – The Irish Times reports turnover and profit at the Irish arm of Salesforce.com, SFDC Ireland, rose significantly in its fiscal year 2016. Latest company accounts show pre-tax profit rose more than 1,200% to just over $12m (11.3m), from a $1.07m (1.01m) loss in 2015. The company said…
Sign up to receive FirstFT by email here Trade war averted. China will offer the Trump administration two quick concessions on finance and beef in a 100-day plan that was probably one of the most concrete outcomes of last weeks meeting between Xi Jinping and Donald Trump. Larry Summers argues that the US must work to…
Companies in the UK have used a controversial insolvency procedure to offload £3.8bn of pension liabilities, often as part of a sale to existing directors or owners, a Financial Times investigation has found. Roughly 17 per cent of the 868 schemes managed by the Pension Protection Fund, a lifeboat of last resort for the retirement…