Actuaries angry over PPF retrospection - papers 10th Nov

A statement made on Monday by Pensions Minister Malcolm Wicks MP suggested schemes which have gone into administration but are not yet wound up by next May may still be eligible for compensation under the PPF. Such a move has seriously aggrieved actuaries who say the industry will now have to pick up the tab for schemes which have already gone bust. Similarly, however, the Guardian says Chancellor Gordon Brown MP is blocking any attempts to place the problem at the Treasury’s door and pick up the cost of the growing pensions crisis, as he warned in a speech yesterday doing so could up...