Pensions safety net has gaping hole
Mike LeBrun, the head of the FAS, said it was unlikely the scheme would be extended to cover pension funds that are wound up this year. These pensioners will effectively fall into a compensation "black hole". From April next year, occupational schemes will be underwritten by the Pension Pr...
Saved in:
| Published in | Sunday telegraph (London, England) |
|---|---|
| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
London (UK)
Daily Telegraph
18.07.2004
|
| Online Access | Get full text |
Cover
Loading…
| Summary: | Mike LeBrun, the head of the FAS, said it was unlikely the scheme would be extended to cover pension funds that are wound up this year. These pensioners will effectively fall into a compensation "black hole". From April next year, occupational schemes will be underwritten by the Pension Protection Fund, funded from a levy on all pension schemes. |
|---|---|
| ISSN: | 0307-269X |