Monarch Airlines Pension Scheme
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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.
Keeping Danny in Sandwiches
Join Date: May 1999
Location: UK
Age: 76
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Nightflyer,
Ask the Personnel Department who is the current administrator, a copy of the Annual Report and the names of the members Trustees.
The Company will nominate Trustees, often it is the Personnel Director and/or Finance Director. They are prohibited from investing in their own company; I would be surprised if they owned aircraft or were involved in leasing.
[ 28 December 2001: Message edited by: sky9 ]</p>
Ask the Personnel Department who is the current administrator, a copy of the Annual Report and the names of the members Trustees.
The Company will nominate Trustees, often it is the Personnel Director and/or Finance Director. They are prohibited from investing in their own company; I would be surprised if they owned aircraft or were involved in leasing.
[ 28 December 2001: Message edited by: sky9 ]</p>
