UK - Members of the KPMG Staff Pension Scheme are to take legal action to prevent trustees and employers switching their entire funds' assets into gilts.
The planned move – affecting only members of the pre-April 2000 fund – will lock in a deficit of 20% and lead to cuts in the amount of pension each member is entitled to. Former employees of KPM...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date