The Pensions Regulator's plans to revise clearance procedures for defined benefit schemes will cause more confusion, the Society of Turnaround Professionals says. And it says with current turbulence in credit markets, confusing guidance would reduce the chances of company survival.
The STP – responding to the regulator’s consultation on the clearance guidance proposals – said it was principally concerned about disincentives to investors to provide finance to sustain troubled ...
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