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Alan Johnson appoints five Non-Executive Directors for the Board of the Pension Protection Fund.

Publication: M2 Presswire
Publication Date: 30-NOV-04
Format: Online - approximately 824 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2004-UK Government: Alan Johnson appoints five Non-Executive Directors for the Board of the Pension Protection Fund(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:11302004

Alan Johnson, Secretary of State for Work and Pensions, announced today the appointment of for...

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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...

NOTE: All illustrations and photos have been removed from this article.



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