16 May 2008
Latest research by Aon Consulting has revealed that more
companies than ever before are selling their final salary schemes
to insurance companies. In the first three months of this year, 87
deals worth £2.2bn took place, compared with 50 worth
£314m in the same period last year.
The Government has expressed concern as buyouts become an
increasingly popular alternative to companies closing down their
schemes, claiming that unscrupulous employers could abandon their
pension provision and leave workers out of pocket. The Government
would like greater regulation introduced to prevent this from being
the case.
