
Opposition to credit default swaps likely
Smaller schemes might oppose plans to extend the Pension Protection Fund's contingent asset range because they are unlikely to benefit, Abbey Financial Markets says.
Part of a PPF consultation, expected in the autumn, is set to look at trustees’ use of credit default swaps, in particular whether schemes should be exempt from the risk-based levy on the amounts covered...
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Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point