Pension Assets under Threat
A recent legal decision could affect the future financial security of thousands of pension investors, especially those struggling with debts. According to Sunday Business Post correspondent, Emma Kennedy (25/4/2010).
On Wednesday, April 14, a receiver was appointed over the pension assets of businessman Brendan Murtagh. The former Kingspan boss, who went on to purchase Smart Telecom, once had a multimillion euro fortune, but is now being pursued by investors for debts of close to €30 million.