Force CEOs to join company DB scheme to prevent reckless behaviour, says study

Holly Roach
clock
CEOs were 77% less likely to close their firm’s DB scheme if they were a member and trustee of the scheme
Image:

CEOs were 77% less likely to close their firm’s DB scheme if they were a member and trustee of the scheme

Forcing company bosses to join the same defined benefit (DB) schemes as their staff could protect pensions better than the threat of prison sentences for scheme mismanagement, Warwick Business School (WBS) has suggested.

A study conducted by WBS, University of Exeter Business School and Queen Mary University of London examined the 322 publicly-listed UK firms that offered a DB pension scheme between 1999 and 2013. ...

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

Join now

 

Already a Professional Pensions member?

Login

More on Uncategorised

UK Pensions Awards 2019 - The night in pictures

UK Pensions Awards 2019 - The night in pictures

Here they are...all the pictures from the UK Pensions Awards 2019.

PP Online
clock 24 May 2019 •
PP Rising Star Awards - The Winners

PP Rising Star Awards - The Winners

Here they are - the winners of the inaugural Professional Pensions Rising Star Awards...

Jonathan Stapleton
clock 28 March 2019 •
Equity Pension Scheme members want a transition to green investments

Actors call on Aviva to swap to low-carbon default

Academy Award-winning actors have called on Aviva to set up a low-carbon default fund for the £110m Equity Pension Scheme.

James Phillips
clock 23 October 2017 •
Trustpilot