Miller Fisher'spension and savings schemes are being investigated by its receiver Deloitte & Touche. This follows complaints by staff that the loss adjuster failed to make payments into the schemes.
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Miller Fisher'spension and savings schemes are being investigated by its receiver Deloitte & Touche. This follows complaints by staff that the loss adjuster failed to make payments into the schemes.
Staff described accounting at Miller Fisher as an "Enron-style cock-up".
Receiver Deloitte & Touche confirmed that it was reviewing Miller Fisher's pension arrangements and Save As You Earn (SAYE) scheme.
Employees have also forwarded information to the Metropolitan Police's fraud squad.
This is a further blow to Miller Fisher, which went into receivership on 4 July after its backer, Halifax Bank of Scotland (HBOS), refused it further credit.
Meanwhile, Deloitte & Touche visited regional offices, announcing redundancies for the majority of staff.
Staff told Insurance Times that pension payments had not been made into their company pensions with Scottish Equitable.
"The company defaulted on two months' pension contributions before the collapse, despite the fact the monies were deducted from employees' salaries," one former employee said.
"This may not at first appear to be a major amount of money, but the company had about 800 employees and each was contributing at least 5% of their salary."
Other employees said the company had also deducted SAYE and Bupa private healthcare payments from their salaries, but not passed it on.
"There should be an inquiry into the accounting," one said.
Scottish Equitable and Bupa declined to comment.
An insider at Deloitte & Touche said such "irregularities" were reasonably common in companies in receivership.
Staff also insisted that, despite claims it had started passing work to other panel adjusters as Miller Fisher's financial problems became apparent, Lloyds TSB had not siphoned off work in the weeks before receivership.
"It's crap, the numbers were going up in recent weeks," one said.
Another added: "It's utter rubbish that Lloyds TSB were taking work from us."
HBOS has backed two management buy outs of chunks of the business since the receivership.
A HBOS spokesman said the bank thought this a better option than letting its entire investment go to waste.
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