Summary
ON the face of it, the Pounds 2.5 billion pension black hole at the Post Office looks like an unsurpassed example of financial incompetence.
After all, did the organisation not take a 13-year 'pension holiday', suspending contributions from 1990 right up until last year?See the full content of this document
Extract
2nd Class Post and Pension ; Gadfly
And did Royal Mail not decide to ignore the 2000 stock market crash and assume that happy days would return on the investment front?
Yes, indeed.But Gadfly hears of an even more spectacular case of retirement fund...See the full content of this document
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