Pensions regulator wants more powers to protect workers

Pensions regulator wants more powers to protect workers
 

The Pensions Regulator is asking for new powers to stop final-salary pension schemes being dumped when companies are sold.
Lesley Titcomb would like firms with large pension deficits to be required to inform her if a sale is imminent and powers to intervene if necessary.
At the moment, companies do not have to inform the regulator before a sale.
The government insists it has a robust and flexible system for regulating occupational pensions.
The risk to final-salary or defined-benefit schemes when a company is sold has come under the spotlight following the collapse of BHS.
The retail group... read more

 
11 October 2016 in Business, Views: 44
Source: BBC
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