An update from PwC revealed the massive deficit in the two main defined benefit pension schemes run by Rok Building and Rok Development.
The report states that as a creditor the pension fund “ranks behind the claim of the Bank and on that basis would not receive any distribution.”
The firm’s main lenders are already facing a huge shortfall in the £73m they are owed by Rok while the firm’s trade creditors are unlikely to see a penny of the £280m they are owed.
The only hope for the pension fund now is a favourable ruling from the Pensions Regulator but even if that is secured there is unlikely to be anything in the pot to plug the gap.