UK - Scheme members could still lose all their retirement savings even when the Pension Protection Fund is introduced, the pensions advisory service warns.
OPAS chief executive Malcolm McLean claims a “loophole” in the government’s proposals will allow solvent firms to wind up schemes without paying off the deficit. He says such wind-ups will be ab...
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
