Monarch Airlines Pension Scheme

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27th Dec 2001, 13:06

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Nightflyer

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Monarch Airlines Pension Scheme

Can anyone out there shed some light what is going on with the Monarch Pension scheme. There has just been a sudden change of administrators and while there has been assurances that all is well, I wonder how well the pension fund is really performing. Years ago I tried to find out what investments were held by the scheme without success. I just hope that large sums of money have not been invested in company aircraft leases.

27th Dec 2001, 13:21

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dundoniandean

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Nightflyer.

Was this change of administrator announced by the company? I don't think I have read that....??? Any further info <img src="confused.gif" border="0">

27th Dec 2001, 14:57

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Nightflyer

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I don't really know but the monthly pension is no longer paid out by W.M Mercer.

27th Dec 2001, 15:03

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Nightflyer

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Sorry got a bit mixed up. We have been informed that there is a change of administrator. I can't find the letter that they sent me so I cannot tell you who is the new administrator.