The insurance gap for trust-based DC schemes

PP examines a loophole that could leave DC members with no compensation if an insurer collapses

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Should a large insurer collapse trustees may expect the Financial Services Compensation Scheme to step in. However, Michael Klimes finds out this may not always be the case.

In the event of the collapse of a large life insurer, trustees at defined contribution (DC) schemes might believe they are protected by the Financial Services Compensation Scheme (FSCS). In this sc...

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