Summary
THE government's new Pension Protection Fund will be weakened by the arrival of new operators specialising in taking unwanted schemes off companies' hands, the Daily Mail has learned.
Outfits such as Paternoster, launched yesterday by former Prudential executive Mark Wood, are being set up in order to buy out final salary liabilities from struggling firms.See the full content of this document
Extract
Pensions Sales Will Weaken Ppf
But Paternoster and its ilk will not have to pay a levy to the PPF, set up by ministers in the hope of...
See the full content of this document