Financial Services Industry
Industry: Email Alert RSS FeedOpinion: Leader - Hung, drawn and quartered without a fair trial.
Pensions Week, October, 2005
Byline: Gill Wadsworth
The government's pension lifeboat has found itself in stormy waters this week as the consultation period reaches its conclusion.
The Pension Protection Fund (PPF) came in for heavy criticism on all sides as the Confederation for British Industry, National Association of Pension Funds (NAPF) and Mercer Human Resource Consulting were among the industry big-hitters pummelling the proposals.
The PPF stands accused of underestimating how much it will need to meet its liabilities, and had its principles of fairness and proportionality questioned, but are we losing sight of the bigger picture?
The motivation for setting up the PPF was to prevent members ending up with nothing in retirement when their company becomes...
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