Former Anglo executive O’Mahoney takes case over pension

Tiarnan O’Mahoney has issued the High Court claim against Irish Pensions Trust

Former Anglo Irish Bank executive Tiarnan O’Mahoney

Former Anglo Irish Bank executive Tiarnan O’Mahoney has initiated legal proceedings against the bank’s pension providers.

The former chief operations officer at the bank issued the High Court claim against Irish Pensions Trust, a division of Mercer, late last month.

The move follows reports earlier this year that ex staff at the bank faced having their pensions significantly cut as a result of a resolution to wind up the defined benefit scheme. The ...