Secretary of state for work and pensions Andrew Smith has today announced the government's plans to ...
Secretary of state for work and pensions Andrew Smith has today announced the government's plans to implement an insurance scheme to protect the benefits of pension scheme members in cases where employers go bust, leaving beneficiaries with much reduced or even no retirement income. The change is included in the DWP's document "Simplicity, security and choice: Working and saving for retirement", in which the department identifies a series of changes it wants to implement. Among these are: the introduction of a Pensions Protection fund; requiring solvent employers who cho...
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