A history and the rationale for DB schemes - part two: Maxwell and his impact on scheme funding
In the second feature of a three-part series, Iain Clacher and Con Keating look back at the UK’s defined benefit universe, exploring how the Maxwell scandal impacted scheme funding regulations.
In this, our second article (see part one) on defined benefit (DB) pensions history, we begin with the Maxwell affair of the early 1990s. This made pensions the stuff of headlines; all too often alarmist...
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