Monarch collapse leaves yet another pension fund up in the air

The state-sponsored pension rescue fund is creaking under the weight of final-salary schemes whose sponsoring companies can no longer support themPensions are the tail wagging the economic dog – sometimes in the strangest ways. Take the high-profile collapse at Monarch Airlines. It’s a sorry story of corporate raiders facing accusations of asset-stripping one of the country’s largest holiday airline businesses and leaving taxpayers to pick up the tab. The once strong, if slight