News & Events – Avida International

Bart Heenk comments on misalignment of interests in pension fund governance in I&PE

The UK is a divided market for pension funds and while many argue it is well-regulated, others say it is overtly restrictive. In truth, both sides are right. The regulations put in place since Pensions Act 1995, the regulatory response to fraud at the Mirror Group pension fund following the death of Robert Maxwell in 1991, have succeeded in adverting further scandals but have arguable hastened the demise of defined benefit (DB) schemes.

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