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whitepaper
PROTECTING DEFINED BENEFIT PENSION SCHEMES
The government believes the system is working well for the majority of Defined Benefit schemes, trustees and sponsoring employers but accepts that we need a tougher approach for those few whose irresponsible decisions impact on their pension scheme. The vast majority of UK employers run their business responsibly, displaying high standards in corporate governance and fulfilling their responsibilities to their employees and their pension funds. But the Government is determined to ensure we have a corporate governance framework that works for both employers and employees and wants to reduce further the risk of major company failures occurring through shortcomings of governance or stewardship. DOWNLOAD