Island benefit trust under scrutiny after complaint by employees

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The complaints follow the recent winding-up of the trust prior to the sale of 50 per cent of the firm to private equity group 3i for a reported £300 million.

A number of members of the scheme, unhappy with the one-off payment handed out and the lack of information provided, referred the matter to a lobby group, the Employee Share Ownership Centre, who wrote to the Jersey Financial Services Commission.

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