Four years ago due to a combination of a sticky fingered chancellor, the
>premature death of our owner leaving his son in charge of the family
>business, a fall in contributors and a downturn in trade our final
>salary pension scheme was frozen.
>
>A colleague is retiring in a couple of weeks and he's having a sod of a
>time getting any sense from the company winding up the scheme, he is
>also having difficulty with the government pension scheme so he may
>retire without income.
>
>The scheme was a very good one with about fifty members working for a
>small family company, the simple question is 'How long should the >winding up take?'. >
>Is four and a half years par for the course or are we being ripped off? >
>I've only half jokingly asked them to start looking at my benefits as I
>retire in six years.
>
>Mike
Crossposted to uk.finance
OPRA is the regulator for company schemes, see what they say. Link on my webpage
Daytona