RMJM faces probe into pension payments
The Pensions Regulator is investigating claims that RMJM has withheld payments to its employee pension scheme
The regulator was alerted by pensions provider Aegon. It is claimed that RMJM has failed to pay employer and employee contributions – deducted from salaries – to the pension scheme.
A spokesperson for the Pensions Regulator said: ‘We are aware of this issue and we are investigating. Every case is different, and we can’t speculate on where this case will end up.’
In addition a spokesperson for Aegon said: ‘Our responsibility is to follow the correct legislative process and we’re satisfied we’ve done that.’
She added that members of the pension scheme who were concerned should contact Aegon to find out what had been paid into their pension plans.
A spokesman for RMJM said: ‘We’ve been in regular contact with Aegon on this matter. While there are some payments outstanding, we’re actively working to resolve this issue and are confident of bringing the matter to a swift and satisfactory conclusion for the staff affected.’
The news comes as the global giant began repaying overdue salaries to staff across its offices. The AJ100 big hitter claimed it would be paying 60 per cent of missing January and February salaries immediately.
A spokesman added: ‘We are now in receipt of funds as agreed with our client and the process of salary payments to all staff is now well underway.’