UK - Pension lawyers have attacked the government's £400m compensation package for scheme members who have lost savings when their firms collapsed as a "cost neutral" stunt.
Denton Wilde Sapte partner Elmer Doonan said the rescue package was “lamentably inadequate” and “probably a very good trick”. He said: “The £400m will be distributed to the poorest pensioners – ...
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
