UK - Pension schemes with MFR shortfalls may be bullied into bypassing OPRA and "into unfavourable wind-up settlements in court, a professional trustee warns.
The trustee – who does not want to be named – spokeout after insurance group Bradstock managed to avoid OPRA deadlines on restoring its MFR by reaching a partial settlement over its scheme’s £26.7m...
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
