KPMG next to face Visteon workers' MP

Metcalfe will discuss the consultancy’s role in advising Visteon UK on “constructing” its closure, according to a person close to the situation. 

Following the carmaker’s failed attempt to reduce costs by changing its legacy employment and pension terms in 2006, KPMG was brought in to explore the methods of closing the company, schemeXpert.comunderstands.

The consultancy continued to advise Visteon UK until its closure in 2009 after losses of £669m, according to KMPG figures, whereupon it supplied the administrators to the company.

Metcalfe’s political team is currently preparing for the meeting, which follows discussions with representatives of Ford Britain on the disputed benefits transfer in the creation of Visteon UK, though no date has been set.

As reported by schemeXpert.com , Metcalfe – who leads a cross-parliamentary delegation on behalf of the Visteon UK workers – is imminently meeting work and pensions secretary Iain Duncan Smith to push for a work and pensions select committee investigation into the dispute.

Convincing the committee to investigate the Ford-Visteon dispute relies on the MPs’ ability to widen the debate from a “single item” issue to a full investigation of the transfer of pensions from one employer to another.

Unite’s delayed legal claim against Ford for misselling its pension is expected shortly. Visteon Group and KPMG declined to comment.