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Legal News

: International and UK Law

CBI calls for urgent reform of pensions legislation to let companies repair shortfalls

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Britain?s recession-hit companies risk being dragged down by their retirement obligations unless they are given more time to tackle ballooning deficits in their final salary pension schemes, according to the CBI. The employers? lobby group is calling on the Pensions Regulator to intervene urgently and give companies at least 15 years to repair the shortfalls in their pension schemes, rather than the present ten.

Full post as published by International and UK Law on May 25, 2009 (boomark / email).

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