Jump to content
House Price Crash Forum
Sign in to follow this  
The Masked Tulip

Fears For Itn As Pension Deficit Grows

Recommended Posts


ITN's accounts showed a £39.9m pension deficit in 2008, an increase of £17.1m from 2007, provoking an "Emphasis of Matter" paragraph by its auditor Deloitte over whether the broadcaster can continue as a going concern.

ITN's directors said there was "uncertainty over the future funding requirements of the ITN pension scheme". The group added the deficit could be "significantly higher" this year following an upcoming triennial valuation.

I have to laugh.

When I worked at ITV, the owners of ITN, the permie staff had a meeting where they voted not to allow the likes of myself into the pension scheme - the likes of myself being people on 6 or 12 month contracts who had none of the benefits of being self-employed and none of the benefits of being permanent employees.

I clearly remember the day they voted on it and then all came back and talked openly amongst us 'contractor staff' seemingly oblivious to how they are f ecked us.

Of course, it seemed to go totally over their heads that not having fresh blood coming into the pension scheme meant that they were, eventually, killing their own pension fund. That meeting was some 12 or 13 years ago - lol!

Nice to see that they are as f ecked as the rest of us, except all the Public Sector workers and MPs!

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.