WebOct 6, 2024 · It would not be appropriate for a UK Minister to comment on cases that are a matter for the Isle of Man Government, the Isle of Man Financial Services Authority or … WebMar 5, 2024 · The pensions of workers at collapsed airline Flybe are at risk after it emerged they have no protection under the UK’s lifeboat scheme, the Pension Protection Fund (PPF). Around 1,350 of the airline’s employees and former employees are in the British Regional Airlines Group (BRAG) pension scheme, which is based in the Isle of Man, …
Flybe: Pensions: 6 Oct 2024: Hansard Written Answers
WebMar 6, 2024 · The pension scheme owes more than £170m in retirement benefits to its members, according to a breakdown given at the firm’s year-end in 2024. However, the entire liability could be wiped out since Flybe has entered administration. In November 2024, Flybe had a pension shortfall of £11.6m. WebFeb 2, 2024 · Flybe had a £11.6m pension shortfall in November 2024. According to a breakdown at the airline’s previous year-end, the fund has £170m of retirement liabilities. The Exeter-based company put... professional scrum trainer
Flybe employees at risk of losing entire pensions - The Telegraph
WebMar 9, 2024 · Pension schemes are usually guarded by the Pension Protection Fund, which comes to the rescue when firms go to the wall. But the Mirror reports that Flybe’s scheme isn’t protected because it ... WebMar 6, 2024 · Flybe’s employee pension scheme is not protected by rescue body the Pension Protection Fund because the company is registered in the Isle of Man tax haven This video cannot be played... WebPersonal. On 4 April 2024 we announced that Aegon UK will close to all new protection business as of 4 April 2024 and has reached a sale agreement with Royal London, to transfer all existing protection customers and policies. You can find out more in our protection update . At times we experience high call volumes, and it may take some time ... remax lethbridge alberta