Bonum Certa Men Certa

Amid Sirius Exodus (CEO, Engineers, NOC Staff) Salaries Reduced Even Further

Even the CEO left last month!

Salary at Sirius

Summary: Amid inflation, in light of Sirius workers leaving in droves, salaries have been cut even further (they're looking to pay GNU/Linux engineers as little as 20,000 a year for an overnight job, including weekends and holidays!); of course many won't know some of that sum will moreover been stolen (embezzlement) under the guise of "pension"

Bonus: The current pension provider has been put on notice regarding pension fraud at Sirius 'Open Source' . This has been escalated to the top management there. New letter below.

Dear Roy,

NOW: Pensions Trust (“the Scheme”)

Thank you for your time and patience allowing us to investigate your concerns, we very much regret that it has been necessary for you to contact us with your concerns.

Our understanding of your complaint is your concern that your NOW Pension is not safe due to your previous boss of Sirius potentially being involved in suspicious activities regarding the collection of contributions.

It was necessary for us to refer your concerns to our compliance department; they have come back with the following information.

 

NOW: Pensions are authorised and regulated as a master trust by The Pensions Regulator (TPR). We're one of approximately 38 master trusts approved and supervised continuously by TPR to maintain the quality of master trust providers in the UK. This means increased protection for members and their pension savings.

 

We employ a specialist company known as a custodian, which is responsible for guarding and protecting your money. It holds your pension savings, and those of all members, under a custody agreement (which is protected by the law) until you ask for your benefits to be paid. The money is kept in a ring-fenced account which is separate from both NOW: Pensions and the custodian’s own funds and company accounts.’’

Our custodian is BNY Mellon, one of the world’s largest custodians. It looks after over US$30 trillion on behalf of pension schemes and other investors.

The above protection is only applied to funds that have been paid over to us.

Please also note that if you are a deferred member of the scheme ie you have stopped contributing the following charges will still apply:

  • A monthly administration charge of €£1.75 (€£21 a year) which covers the cost of running the Scheme.
  • An annual investment charge of 0.3% of the value of your savings. This covers the cost of investing your money.

However, we won’t take any administration charges if this deduction would result in your pension savings account falling below €£100.

I hope this helps to settle your concerns regarding your NOW Pension fund, as you can see from the above, they have outlined how and who is responsible for protecting your pension savings and applies to all NOW Pensions members.

Should you consider that this does not bring the matter to a conclusion, you can request that the Trustees review the matter through the Internal Dispute Resolution Process (IDRP).

 

Please contact us or visit: https://www.nowpensions.com/contact-us/internal-dispute-resolution-process/

 

You can also contact Money Helper for assistance:

 

Money Helper (formerly The Pensions Advisory Service)

120 Holborn, London EC1N 2TD

Telephone: 0800 011 3797 Website: https://www.moneyhelper.org.uk/en/pensions-and-retirement

 

If you have general requests for information or guidance concerning your pension arrangements contact:

 

 

We’re here to help. If you have any questions or need information, you can call us on 0330 100 3334 from 9:00 am to 5:00 pm, Monday to Friday. Calls may be recorded and monitored for quality purposes. When you call, please quote the reference above, your full name and National Insurance number. This will help us to help you faster.

 

You can also email us at membersupport@nowpensions.com or write to us by post. Please quote the reference above, your full name and National Insurance number in any correspondence.

Yours sincerely

Neil Morris

 

NOW: Pensions Trust Administration Team



For the record: Standard Life investigators now have several formal complaints from several different victims of Sirius pension fraud. It's hardly surprising that remaining workers are fleeing (almost nobody is left, so the company lies about who's there).

Recent Techrights' Posts

After Microsoft's Bankruptcy in Russia Android (Linux) Will Dominate Asia Completely
Windows probably peaked in "XP" or "2000"
India: Windows Falls to 50% in Desktops/Laptops and 8% Overall
laptops/desktops fell to 16% of the whole
statCounter: GNU/Linux Up to 4.7% "Market Share" This Month
30,000 Microsoft jobs may be eliminated by year's end
Microsoft is in Trouble and Microsofters Know It
"I've been happy on Win 3.11 for years."
Links 02/06/2025: Political Leftovers, DRM, and Patents
Links for the day
 
Last Article From Australia's Sam Varghese Was a Year Ago and It Covered the Release of Julian Assange, Who Will Apparently Come Back as 'Politician'
It'll soon be exactly 12 months
Hungary Seems Hungry for Linux
Windows down by a lot
Like in Europe, Bad News for Microsoft in US and Canada
If it loses those "regions", then what's left?
About 8 Waves of Mass Layoffs at Microsoft in 2025 (in Less Than 5 Months), Now Vista 11 "Market Share" Decreases
Really bad news for shareholders of Microsoft
statCounter Sees Bing "Share" Falling Over 0.5% in One Month, Now Lower Than Before the ChatGPT/Bing Chat Hype
Bing has been part of the mass layoffs for quite some time
Microsoft's Demise is a Global Phenomenon
mass layoffs justified using mindless buzzwords
All-Time Highs for GNU/Linux in EU and the UK, All-Time Lows for Microsoft
Combining ChromeOS and GNU/Linux, it adds up to and almost reaches 6%
[Video] New Introduction to Richard Stallman's Contributions Including GNU Emacs, GNU/Linux, and Software Freedom
from the channel previously bullied for supporting RMS
Links 02/06/2025: South Korea to Vote, Russia Blitzed From Within
Links for the day
Links 02/06/2025: Microsoft Spins Layoffs as "Slop", Frontier Settles Lawsuit
Links for the day
When You Publicly Boast About Wanting to Violently Attack People (Even Colleagues) Finding a Job Will Prove Difficult
there's a lesson to be learned here
The Web We Lost, the Information Lost Due to Microsoft's Attacks on Companies Like Yahoo! (Before the LLM Slop Frenzy)
When it comes to news sites, what can we say?
Covering Corruption in Poland, Including a War on Science (Due to Bad Politicians)
What we're about to show is that skilled and experienced scientists in Poland are besieged by bureaucrats
Gemini Links 02/06/2025: "Star Wars Day" and "Security Day"
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Sunday, June 01, 2025
IRC logs for Sunday, June 01, 2025
The Openwashing Shills Initiative (OSI) - Part II: Lying to the IRS is a Big Issue
The OSI of today pretends to be something that it is not
Bloodlust and Love of Blades (Fascination With Murder) Nothing New Among Microsofters
Violence is not a joke and no group is magically entitled to make such "jokes"
Links 01/06/2025: Bird Flu, Food Price Inflation, and Growing US-China Hostilities
Links for the day
Links 01/06/2025: "Vibe Coding" Turns Out to be a Fraud and Amazon Merits Boycott, Argue Bloggers
Links for the day
Gemini Links 01/06/2025: "Stardust" and Ideal PC Setup
Links for the day
Links 01/06/2025: Windows TCO, Openwashing, "It's FOSS" Still Promoting Microsoft
Links for the day
Gemini Links 01/06/2025: Simplification and Networks Everywhere
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Saturday, May 31, 2025
IRC logs for Saturday, May 31, 2025
Google Bribes EFF. EFF Promotes LLM Slop as 'Fair Use'. To GAFAM It's a Low-Cost Lobby Hedge.
So the bribes pay off ("slush fund") and the word spreads
Slopwatch: Fake Text and Images, Financial Bubbles, and Scams in "Intelligent" Clothing
Sometimes what they mean by "AI" is just cheap labour somewhere else, as we discussed in IRC a few hours ago
Why Microsoft is Collapsing (Similar to What's Happening at IBM), As Insiders See It
IBM seems like one heck of a mess
Reliable Computing Means Free (Libre) Computing
Sites that want to promote security ought to deal with the biggest issues
Links 31/05/2025: US Court Orders Sides With RFE/RL, War Updates From Ukraine
Links for the day
Gemini Links 31/05/2025: ARM Server and power_supply Subsystem
Links for the day
Links 31/05/2025: Slop Stigmatised as Disinformation, Catalyst/Driver of "Death of Communication"
Links for the day
Common Sense 101: Do Not Write Blog Posts Saying You Want to Murder Colleagues (or Yourself)
Only crazy people would think stabbings are a joke
Microsoft Bankruptcy
"Microsoft unit in Russia to file for bankruptcy, database shows"
Techrights Does Not Compete With LLM Slop, It Exposes the Bastards, Plagiarists and Scammers Who Do That
People like Scam Altman, still facing a lawsuit from his own sister for sexual abuse against her
Links 31/05/2025: Microsoft-Connected Builder.ai is a Fraud and US is Purging Students Based on Race/Nationality
Links for the day
Gemini Links 30/05/2025: Limmat, Doomscrollers, and Arguments Parsing
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Friday, May 30, 2025
IRC logs for Friday, May 30, 2025