Kaupthing Singer & Friedlander... About To Go Pop? in Local News Posted October 16, 2008 Sorry to keep banging on about the pension fund, but: If I fall behind with my N.I. contributions I am rewarded with a barrage of nasty letters from the government giving me 7 days to cough up or face the full force of the law. At no point do I get a letter telling me that some dodgy Icelandic bank has been appointed to take care of mine & everyone else's future pension The appointment of the managers was publicised in the courier like all other government notices, and on their website. I'm pretty sure that S&F were appointed before the buyout by Kaupthing. Interesting point though, if the same happened in a private fund, I bet you'd have to mailshot the shareholders. Secondly:Six financial companies were in the running for the lucrative job of administering the pension fund (standing at 400 mil before the crash), the company that won the job of administering the largest government fund had recently appointed the ex-chief minister of the aforementioned government as chairman of it's board He who pays the piper calls the tune Yeah, that's how it works around here eh?