Asset-backed funding arrangements are a "house of cards" that could run counter to European law banning schemes from making employer-related investments, says a lawyer.
Herbert Smith partner Roderick Morton told delegates at the Pensions and Benefits show that the structures were "absolutely employer-related investment in principle" but could be set up due to a lo...
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, 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
