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...five Non-Executive Directors the Pension Protection Fund Board.
Legislation setting up the Fund was passed by Parliament earlier this month. The Fund will provide extra protection for over 10 million workers in final salary pension schemes, and ensure that they will get a decent pension even if their employer goes bust. This is a huge step forward in building security in pensions.
The Non Executive Directors will provide independent support and challenge to ensure the Pension Protection Fund achieves its objectives.
The five appointments...
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