Pensions Bill may face changes - papers 24th June

According to The Times, the British Venture Capital Association (BVCA) will today meet the Treasury in an attempt to amend sections 35, 39 and 40 of the Bill, which it believes could force directors, shareholders and private equity firms to plug pension fund holes in the companies they own or manage. The BVCA is also concerned the Department for Work and Pensions, which is in charge of pending pensions legislation, does not understand the implications of the new law. Rejecting the criticism, the DWP argued executives involved in legitimate company restructurings have "nothing to worry...