UK - Companies are rushing to close defined benefit schemes without understanding the risks involved, an international law firm warns.
Ashurst Morris Crisp claims “precipitate closure” could put firms in breach of employment contracts and suggests that, as a minimum, some form of notice and consultation should be considered. Th...
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