Changing the law to allow firms to cut workers' accrued benefits would cause immense damage to public confidence in pensions, the Actuarial Profession says.
Successive Pensions Acts have prohibited employers from altering accrued benefits without the consent of the member. And National Association of Pension Funds chief executive Christine Farnish wa...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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