05 August 2008
Northern Rock are today expected to announce losses of
£500m for the first half of the year as long-running
negotiations regarding the funding of the pension scheme look set
to stall.
After several months of talk, Northern Rock's board and the
pension scheme trustees are still unable to reach an agreement
regarding its deficit and trustees say it is time for the Pensions
Regulator to get involved to secure the future of the pension
scheme for 8,000 Northern Rock staff and pensioners.
