The Maxwell pension scandal could be repeated despite the raft of legislation introduced to protect members over the last 20 years, experts have warned.
Saturday 5 November marks 20 years since Robert Maxwell died after falling overboard from his yacht in 1991, with the discovery that £450m of investments were missing from the pension funds of his companies. The hole left more than 30,000 members in danger of losing their benefits - they had to wait until 1995 for their pensions to be secured - and triggered the Pensions Act 1995 as well as a multitude of other legislation. But pension experts believe, despite all these rules being put in place, such problems could occur again. Barnett Waddingham consultant Malcolm McLean said: "I ...
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