Lamia Posted April 26, 2016 Share Posted April 26, 2016 5 hours ago, sbcmfc said: I'm just waiting on BHS to start lashing out and blaming Debenhams and John Lewis. Quote Link to comment Share on other sites More sharing options...
Orraloon Posted April 26, 2016 Share Posted April 26, 2016 3 hours ago, thplinth said: wow shocker looks like the employee pension fund is underfunded. The BHS pension scheme is underfunded to a much higher degree than the the TATA scheme, widely reported last week. I think the total assets of the BHS scheme is about £400 million which is actually less than what I have seen reported as the pension deficit. This means that the BHS scheme is less than 50% funded. Questions need to be asked about what the scheme administrators were up to. In comparison the TATA scheme is also underfunded by about £500 million but it is a far bigger scheme. Although £500 million is a lot of money the TATA scheme is actually over 90% funded. Many private companies would be very pleased if their pension fund was over 90% funded. Many aren't anywhere near that. It's not that long ago that it was widely accepted that 60 to 70% funding in pension schemes as fairly normal. The scheme members will be covered by the Pension Protection Fund but the maximum they will get out of that is 90% of their entitlement. Lot's of them will get much less than 90%. Quote Link to comment Share on other sites More sharing options...
neilser Posted April 26, 2016 Share Posted April 26, 2016 12 hours ago, Toepoke said: A traditional British institution, precarious business model, customer base stuck in the 1690s, sounds familiar indeed... Fixed Quote Link to comment Share on other sites More sharing options...
HUNTINGMcGREGOR Posted April 27, 2016 Share Posted April 27, 2016 It's all fine kidding, but I really feel for those that are in this position - FCUK. When Chinese data properly comes to light, the Tidal Wave will be enormous. It's all wee Nickys fault. ....I bet the DR says ? Quote Link to comment Share on other sites More sharing options...
EddardStark Posted April 29, 2016 Share Posted April 29, 2016 On 26/04/2016 at 0:26 PM, OLAS said: The big Home must stay open! Even I laughed Quote Link to comment Share on other sites More sharing options...
Eisegerwind Posted April 29, 2016 Share Posted April 29, 2016 Aww naw, capitalists have fukced off with the money again.Think I've just realised why they're called capitalists, they keep funkin off with the capital.doh. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.