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Letter: Lower pension

Sunday 16 March 1997 00:02 GMT
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In Your article on Kevin Maxwell's new media enterprise, you say that "MGN pensioners defrauded by Robert Maxwell have had their pensions guaranteed in full..." ("Maxwells back with TV and media group", 9 March).

This cannot go unchallenged. It is a myth that has appeared in a number of press reports abut the pension fund and it is inaccurate.

I declare an interest as a recipient of a Maxwell (MGN) pension. It is true that pensions are now being honoured but there remains a serious shortfall from the original entitlement. Moreover it has been made clear that there is now no likelihood that future funding will ever be able to correct this shortfall or compensate for past losses.

Geoffrey Goodman

London NW7

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