JIM GOES GERMAN

Sir Jim plans to replace axed Defender BILLIONAIRE Brexiteer Sir Jim Ratcliffe’s new off-road car will use BMW engines.

His firm, Ineos, confirmed the “Projekt Grenadier” 4x4 will be fitted with the German giant’s TwinPower Turbo petrol and diesels. It hasn’t announced where the vehicle will be built.

Rumoured sites have included Ford’s Bridgend engine plant in Wales and even Honda’s condemned Swindon factory.

Ratcliffe, who is targeting fans of Land Rover’s ditched Defender, has been slammed over his plans to move to Monaco. JEFF Fairburn, the fatcat former boss of house building giant Persimmon, pocketed £39million in 2018.

Nearly all was from a controversial bonus scheme, even though he voluntarily gave up a chunk.

Replacement Dave Jenkinson also forfeited a large slice of his bonus.

But Persimmon’s annual report showed Jenkinson still raked in £25million for 2018.

Persimmon’s annual report said Fairburn’s settlement was “the minimum permissible”. DOMINO’S Pizza said yesterday it “strongly refutes” reports it misled the City over the state of relations with franchisees who run its restaurants. The firm insists it “has been clear and transparent” that talks are continuing. Boss David Wild said last week the chain was “very close” to settling a spat. WITH TRICIA PHILLIPS THE Government has given the green light for a new pension scheme that pays out a regular income from a collective fund, rather than savers producing individual pots.

Collective Defined Contribution schemes, now used in Denmark and the Netherlands, are being hailed as offering millions of workers bigger benefits during retirement. CDC schemes can offer members more certainty, with regular payouts. Unlike traditional final salary, these aren’t affected if an employer goes bust. Pooling investments helps to reduce risk and charges.

But the pensions industry has concerns over CDC schemes because of their complexity, the risk monthly pension income could fall during retirement and a lack of access to pension freedoms. Steven Cameron of pension company Aegon said: “CDC won’t offer members a choice of investment funds and may not provide access to the pension freedoms allowing draw-down.”

The Department for Work and Pensions has been working with Royal Mail and the Communication Workers Union on proposals for the introduction of CDCs.