{"id":30027,"date":"2018-01-22T09:38:33","date_gmt":"2018-01-22T14:38:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30027"},"modified":"2018-01-22T09:38:33","modified_gmt":"2018-01-22T14:38:33","slug":"global-pension-ponzi-carillion-collapse-one-of-many-to-come","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30027","title":{"rendered":"Global Pension Ponzi – Carillion Collapse One Of Many To Come"},"content":{"rendered":"
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Global Pension Ponzi – Carillion Collapse One Of Many To Come<\/a><\/span><\/h3>\n<\/div>\n
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Pension Crisis And Deficit of \u00a32.6B At Carillion To Impact UK Pensions<\/strong><\/a><\/p>\n

– Carillion collapses leaving a \u00a3900 million debt pile and 30,000 pensions at risk<\/strong>
\n–\u00a0Carillion\u00a0PLC share price has collapsed\u00a094% in last twelve months<\/strong>
\n– Private analysis of Carillion’s pension deficit reveals it to be as high as \u00a32.6 billion<\/strong>
\n– Figure adds to the UK’s ongoing pension crisis, both private and state are severely underfunded<\/strong>
\n– UK’s Private Pension Fund already has a levy of \u00a3550 million for next twelve months<\/strong>
\n– UK state pension crisis as state fund to be ‘exhausted by 2033’
\n–\u00a0Ensure\u00a0your pension is funded and properly diversified with gold<\/strong><\/p>\n

\"\"<\/a>Source: Wikimedia<\/strong><\/em><\/p>\n

The looming pension crisis has been signalled in\u00a0the collapse of Carillion. The deficit of latest private sector dead-on-arrival Carillion is officially \u00a3580 million. However, private reports suggest it could be as high as \u00a32.6 BILLION.<\/p>\n

According to a Sky News investigation:\u00a0‘the \u00a32.6 billion figure relates to the cost to Carillion of paying an insurance company to guarantee all of its pension liabilities, and is significant because it is likely to be the sum claimed on behalf of the pension schemes as part of the liquidation process.’<\/em><\/p>\n

Nearly 30,000 UK workers’ pensions are at risk thanks to Carillion management’s total mismanagement of a company that has seen its\u00a0share price\u00a0collapse 94% in the last 12 months.<\/p>\n

Carillion\u2019s 27,500-member pension scheme was placed on an ‘at risk list’ in autumn 2017. Arguably, it like many other pension funds should have been there many months ago.<\/p>\n

Sadly, Carillion is just the latest in a very long string of serious company collapses that have highlighted the major pension crisis in the UK and around the Western world. It also likely signals that we may be on the verge of many, many more very large corporate bankruptcies in the UK due to massive debt levels and unfunded liabilities.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Pension Ponzi – Carillion Collapse One Of Many To Come Pension Crisis And Deficit of \u00a32.6B At Carillion To Impact UK Pensions – Carillion collapses leaving a \u00a3900 million debt pile and 30,000 pensions at risk –\u00a0Carillion\u00a0PLC share price has collapsed\u00a094% in last twelve months – Private analysis of Carillion’s pension deficit reveals it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18080,8689,7386,1816,18081],"class_list":["post-30027","post","type-post","status-publish","format-standard","hentry","category-economics","tag-carillion","tag-goldcore-com","tag-pension-ponzi","tag-pensions","tag-uk-pensions"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30027"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30027\/revisions"}],"predecessor-version":[{"id":30028,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30027\/revisions\/30028"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}