UK - The kick off of the Pensions Act is causing short-term headaches for overseas companies with British subsidiaries, and is stifling merger and acquisition activity in the near term, according to Marc Hommel, head of human resource transaction services at PricewaterhouseCoopers.
The Pensions Act, which came into force in April of this year, has made four main changes to the function of pension funds and pension fund trustees. The pension fund is now considered an unsecured...
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