Barkers calls in administrators

Recruitment advertising agency Barkers has gone into administration and its remaining assets bought by rival Penna.

Barkers, which operates in both print and digital advertising and employs 250 staff, along with its subsidiary TCS, was forced to call in the administrators after struggling with significant debts. But the administrators were able to announce an immediate sale of the company’s assets to Penna for £8.6 million.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission