Financial future of thousands of ex-miners in doubt after company collapses

More than 3,000 former miners will see their pension entitlements slashed by 10% under terms of a rescue deal from UK Coal, the Daily Mail reports. The UK's pension safety net, the Pension Protection Fund, will take control of the company's scheme including its £543m liability. A restructuring of UK Coal last year was supposed to have salvaged the group's fortunes. But after a major fire earlier this year at Daw Mill, its largest pit in Warwickshire, both the mine operator and its holding company will enter administration. The fire, which closed the mine in March, meant the comp...