UK - The creation of a compulsory occupational pension insurance scheme for the UK - similar to the discredited Pension Benefit Guaranty Corporation (PBGC) in the US -- has been criticised as anachronistic and widely slammed by consultants.
The Pension Protection Fund (PPF) will secure a maximum of 100% of pensions in payment and 90% of the benefits of those still working, where the employer becomes insolvent while a defined benefit s...
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