Title

FINANCE

GLA agrees pensioner rescue plan

The Greater London Authority (GLA) has agreed a rescue plan for pensioners and creditors potentially left out of pocket when the capital’s tourist body was allowed to enter administration earlier this year.

The Greater London Authority (GLA) has agreed a rescue plan for pensioners and creditors potentially left out of pocket when the capital's tourist body was allowed to enter administration earlier this year.

A deal to protect, in full, earned pensions rights for former Visit London staff was finally agreed by the organisation's administrators, London mayor, Boris Johnson, and pension trustees last week.

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