A ‘managed closure' of UK Coal following a £10m loan deal with the government will create ‘no further liabilities' for the Pension Protection Fund.
The lifeboat fund said it welcomed the news the government has been able to step in to support UK Coal in an orderly wind-down of its activities. But it said it was ‘unfortunate' that, following...
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
