Pension Protection law flaw
A flaw in the wording of the Pension Act 2004 has exposed a threat to the coverage of some pension schemes under the terms of the Pension Protection Fund.
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A flaw in the wording of the Pension Act 2004 has exposed a threat to the coverage of some pension schemes under the terms of the Pension Protection Fund.
The FT reports today on a survey by the Association of Consulting Actuaries. The survey tells us that almost 9 out of 10 final salary pension schemes are closed to new members and that 18% are now closed to further contributions by existing members.
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