UK - The Financial Services Authority will be forced to pay into the Pensions Protection Fund despite it being "virtually impossible" for the regulator to collapse.
Liberal Democrat pensions spokesman Steve Webb described the arrangement as “farcical and surreal” and said there could be little confidence in a regulator which needed protection against insolvenc...
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
