UK - The £400m trust fund proposed for the 60,000 scheme members, who lost their pensions when their companies went bust, will only make a "modest difference."
Tim Keogh (pictured), European partner at Mercer said: “Although £400m is a serious sum, it’s not a great amount in relation to the problem.If the estimate of 60,000 people affected is anything to ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date