Pension regulators vowing tide change

Veysey, Sarah
October 2002
Business Insurance;10/28/2002, Vol. 36 Issue 43, p33
Reports that the British pensions ministry has promised government action to address a legal loophole that allows solvent employers to close occupational pension plans even if those plans are underfunded. Danish shipping company Maersk & Co.'s decision to terminate its British defined benefit pension plan despite it being underfunded; Reasons cited by the company for closure of the plan.


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