Government must act to prevent 'horror stories'

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UK - Trade unions and industry leaders are renewing calls for retrospective pension protection following the collapse of Appledore Shipbuilding, Britain's oldest shipbuilder.

The yard’s 500 workers have been told they could lose up to 70% of their pension pots as the £21m defined benefit scheme has an FRS17 deficit of more than £1.5m. Chief executive of the pensions ad...

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