Pensions (Amendment) Bill 2017 – Defined Benefit Schemes must reach minimum funding standard before Employers Allowed to Close

The publication of the Pensions (Amendment) Bill 2017 is to be welcomed this week with the aim of preventing solvent companies from walking away and reneging on their pension obligations to their employees. The Pensions Act 1990 is amended by inserting the following new section after section 48A: “48AA.(1) A [...]