£65m bill for KPMG partners

Link: KPMG sweats on pensions

The scheme, which was closed in March 2000, has been the subject of a bitter feud between the firm and disgruntled former partners, who argued the firm should honour the deficit.

The six former partners wrote to KPMG chairman Mike Rake earlier this month. ‘We urge the board to make substantial enhancements to its likely proposals, to avoid KPMG being viewed as greedy and dishonourable in obtaining commercial advantage at the expense of pensioners and staff,’ the letter said.

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