Require occupational pension funds be held independently of employer

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Petition Action

Require occupational pension funds be held independently of employer

Petition Details

Companies can acquire money from some company pension schemes, which can leave a hole if the company fails. The Government should legislate to require pension funds to be held independently, so that these funds are protected and cannot be used for any other purpose.

Additional Information

Over the years several companies have gone bust having raided occupational pension schemes, leaving the pension holders in straitened circumstances while often the people who approved that money being taken have not felt any real consequence for their actions.

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