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Employer Covenant gamble risks “aggressive” regulatory action

On 9th September Bill Galvin, the Pensions Regulator’s Acting Chief Executive, stated at the CBI Pensions Conference that the regulator would use its powers ‘aggressively’ against schemes that take risks on assessing employer covenant. The regulator is voicing its concern over low security schemes, whose sponsor covenant is insufficient to justify the risks taken within the scheme. (more…)

Category : Employer Covenant — Tags: , , , — admin @ 10:36 am September 24, 2010