Shadow chancellor John McDonnell has pledged to change the law so members' pensions are protected during takeovers, if Labour is elected at the next general election.
In his speech to the Labour party conference in Liverpool on 26 September, the MP (pictured) said a Labour government would crack down on "abuses of power". He cited the downfall of British Home...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
