smart pensions
When Deloitte or whoever started looking at the fund, they asked NATS management in particular the accounts side, why we did not use SMART pensions.
The reply was along the lines of "why would we want to do that, it's not in our interest".
In short, the management did not want to employ any method which made the scheme look healthier as that is at odds with what they wanted. It's only on the table now because they cannot wriggle out of it.
This is a further example of either under-handedness or if they had never heard of SMART pensions (unlikely scenario) it shows our money managers are incompetent. Either way, questions should be asked about how fit they are to be employed.
It begs the question, what other financial dealings are being mishandled through incompetence?
Last edited by anotherthing; 8th November 2008 at 13:22.