Bank schemes compromised by Vickers report

clock

Large bank pension schemes could lose out financially on insolvency if proposals set out in the Vickers Report become legislation, a law firm warns.

One of the proposals in John Vickers' report for the Independent Commission on Banking, published last month, is for introducing depositor preference, so that deposits insured by the Financial Serv...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR: Do not assume insurer buyout is ideal endgame

TPR: Do not assume insurer buyout is ideal endgame

Ben Gunnee says new endgame models are making trustees look again at objectives

Holly Roach
clock 22 June 2026 • 2 min read
Rising Star Awards 2026: Entries close on Thursday

Rising Star Awards 2026: Entries close on Thursday

Individuals and organisations nominated have until the end of 25 June to complete their entries

Professional Pensions
clock 22 June 2026 • 1 min read
Buzz: Should Torsten Bell remain as pensions minister under a new government?

Buzz: Should Torsten Bell remain as pensions minister under a new government?

Pensions minister, Andy Burnham premiership and pensions World Cup

Professional Pensions
clock 22 June 2026 • 1 min read
Trustpilot