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Employer covenant review essential, says Pension Protection Fund

The Chief Executive of the Pension Protection Fund (PPF), Alan Rubenstein, has expressed concerns that trustees were ignoring the strength of their employer covenant. Speaking at a conference, Rubenstein said “We are carrying a lot of risk in this country and lots of schemes are backed by equities. At the moment, there is no relationship between covenants and asset risk”. (more…)

Category : Employer Covenant — Tags: , — admin @ 12:06 pm October 5, 2010