UK - Work and pensions secretary Andrew Smith has rejected calls for the government to compensate Maxwell Communications Pensions Plan members who have seen their benefits halved.
The members want the government to plug a £79m deficit in their scheme. But Smith said they should be targeting the scheme’s independent trustee, Law Debenture, for compensation or for a restora...
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
