10 September 2008
PricewaterhouseCoopers (PwC) has called upon scheme trustees and
sponsoring employers to carefully consider the administrative track
record of potential buyout companies, or risk being blamed for
their failures by members.
PwC director Peter Sparshott said: "Although after a buyout is
completed there is no longer any link to the sponsoring employer,
many members of the scheme are still active, so when something goes
wrong with the scheme it can provide a public relations risk to
that company."
