Some members of the Thomas Cook pension scheme could have their entitlements cut by 10% For Thomas Cook employees it is a worrying time with thousands of them now facing unemployment.
Thomas Cook has collapsed after mounting debts forced the company into administration, leaving 21,000 employees now facing redundancy.
Whilst employees of the firm now face an uncertain future, the pensions lifeboat scheme, the Pension Proteciton Fund (PPF) has stepped in to assess the Thomas Cook pension scheme. What will happen to Thomas Cook pensions? What happens to members will depend on which plan they have saved into – a […]
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