UK - Trustees are warning that OPRA deadlines on scheme wind-ups may be breached because they are unable to cover members' guaranteed minimum pensions.
Trustees say a major stumbling block is insurance companies’ reluctance to provide scaled-back GMPs due to fears that they will end up being liable to pay the entire amount. Higham Nobbs Consult...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
