FINAL SALARY SCHEMES STATUS

E

Last Updated 

Friday, November 13, 2009

 

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Name: Eagle Precision Technologies
Location:
Employees/Deferred/pensioners
Windup:
Fund:
Comments:

 

Name:  Earby Light Engineers Group Pension Scheme
Location: Oak Mill, Skipton Road, Colne Lancs BB8 0PF
Employees/216 Deferred/42 pensioners
Windup: July 2000
Fund: 7,095,542 for 2001 / 8,667,396 for 2002 Received 2,52,000 litigation settlement for bad investment of funds / 7,651,297 for 2003 April the scheme made a loss through bad investment / 7,487,681 for 2003 Now advised October's value of the scheme a further loss
Comments:  
Earby Light Engineers (ELE) was a subsidiary of TransTec plc which went into Receivership December 1999. Hogg Robinson Trustees Ltd were appointed Independent Trustees  21 January 2000. ELE Advanced Technologies Ltd bought ELE as a going concern from the Receiver June 2000

Minimum Funding Requirement information 
Can meet 68% of the amount of liabilities for (active members) as of 5th April 2000
34% was recorded for deferred members (deferred) as of 5th April 2000

Annual pensions paid to active members - 171,098 for 2001
Annual pensions paid to active members - 179,847 for 2002

Total annual pension bill for administration  - 636,831 for 2001
Total annual pension bill for administration  - 993,367 for 2002

Investment management expenses not included in the above 110,549 for 2001
Investment management expenses not included in the above   72,224 for 2002

 

Name: Early
Location: Witney
Blankets
Employees/Deferred/pensioners
Windup: Mill closed July 2002
Fund:

Comments: Brought an end to over 300 years of blanket manufacturing in Witney. About 70 members lost their jobs.

Problems with the company's pension fund meant they were told they would not get any money after the mill shut in 2002.

Some had been making contributions to the fund for more than 40 years.

 

Name: Edbro
Location:
Employees/Deferred/pensioners
Windup:
Fund:
Comments:

 

Name: Electrotech Retirement Benefit Scheme
Location:
Employees/Deferred/pensioners
Windup:
Fund:
Comments:

 

Name: EMCorporation
Location:
Employees/Deferred/pensioners
Windup:
Fund:
Comments:

 

Name: Emhart Glass
Location:
Employees/Deferred/pensioners
Windup:
Fund:
Comments:

 

Name: Essex Careers and Business Partnership Ltd
Location:
Employees/Deferred/pensioners
Windup: 
Fund:
Comments:  
Solvent liquidation, as a result of the Government creating the Connexxions organisation as a replacement for the Careers Service. ECBP is owned by Essex CC.

 

Name: Essex Engineering & Fabrication
Location:
Employees/Deferred/pensioners
Windup: 
Fund:
 Comments:  

 

Name: Exchange Travel Holdings
Location:
Employees/Deferred/pensioners
Windup:
Fund:
Comments: 

 

Name: Expamet International
Location:
Door manufacturer
Employees/Deferred/pensioners
Windup:
Fund:
Comments: The company is still solvent.

 

Name: Express Newspapers
Location:
Employees/Deferred/pensioners 270
Windup: Closure of final salary scheme company is still solvent.
Fund:
Comments: October 2008: Plan to close by end of 2008. Letter sent to members stating that Express Newspapers was adding an additional 500,000 each month toward funding the scheme's deficit. 

 

 

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The information on this website has been supplied by members of the various final salary schemes listed and others.  Accuracy is important to us, but errors are inevitable as the subject itself is an extremely emotive one so the information on this site cannot be guaranteed. We hope that we have reflected the current situation in as an unbiased way as possible.