It has just emerged that South Yorkshire Pensions Authority has lost £18 Million of its members money, speculating in Iceland's own version of the 'South Sea Bubble'.
This loss would be very embarrassing at the best of times, but on top of the losses on the stock markets, must be quite a headache for those in charge.
Is it soon to be a headache for members and pensioners? We wonder!
Also news just in, South Yorkshire Passenger Transport Authority also had a piece of the action to the tune of £5 Million.
Anyone else, put your hands up now please!
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