UK - The number of schemes putting contingent assets in place jumped by 30% to 587 in 2009/10, research from the Pension Protection Fund and The Pensions Regulator revealed.
Data published in the PPF's newest so-called Purple Book, showed contingent assets - which the pension scheme can claim in the event of a sponsor failure - in place for 2009/10 slashed schemes' Pen...
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