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Thomas Cook trustees plot to salvage pension payouts

Thomas Cook trustees plot to salvage pension payouts

Business
Thomas Cook’s pension funds have kicked off talks with specialist insurers about a deal to salvage the collapsed travel group’s retirement scheme benefits.Sky News has learnt that Steve Southern, chair of the trustees, is holding talks with several parties about a buyout deal that would avoid most of Thomas Cook's 14,000 pension scheme members facing a steep cut to their payments. Any deal with an insurer would be likely to involve a more modest cut to payouts than the 10% triggered by a pension scheme's transfer into the Pension Protection Fund (PPF) lifeboat.The discussions are at a very preliminary stage and - even if successful - will not result in a deal until after the Thomas Cook schemes have been through an assessment by the PPF.
Pet insurance payouts hit record of £785m

Pet insurance payouts hit record of £785m

Business
Payouts by pet insurers hit a record £785m in 2018, even though the number of claims submitted fell, according to the industry trade body.The Association of British Insurers (ABI) said this was down to the higher cost of increasingly sophisticated medical care.The size of the average claim jumped by £36, or nearly 5%, to £793.The ABI said the "overwhelming majority" of pet insurance payouts were to meet veterinary treatment bills. Less common claims included pet owners asking to be reimbursed for the theft of a pet, the cost of advertising to find a lost animal, as well as liability for when a pet damaged property or injured someone. However, the ABI says these claims were "tiny" compared with veterinary treatment bills. Senior policy adviser for pet ins
No more cash! 'Broke' Kardashian BEGS courts to reduce monthly payouts

No more cash! 'Broke' Kardashian BEGS courts to reduce monthly payouts

Entertainment
The Kardashian family net worth ranges from $ 900 million (£693 million) to $ 10 million (£7.7 million).While Kylie Jenner has a whopping empire with her beauty business, solo show and Keeping Up With the Kardashians, her other siblings haven't been quite so lucky.One in particular, is her older brother Rob Kardashian, who is struggling to dish out money for his daughter.He pays a whopping $ 20,000 (£15.5k) a month in child support for his two-year-old, Dream. Related Articles Paying the money to his ex girlfriend, Blac Chyna, he reportedly can't keep up with the hefty payments.According to TMZ, Rob has said he's "basically broke" and can't continue to pay.Although he agreed the cost in September 2017, Chyna's lawyer, Lisa Bloom, admitted they...