Thrifty Savers Find Pensions in Peril ; Money Mail

Daily MailOctober 20, 2004

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Summary


WORKERS who save extra money into their company pensions could lose it all if the firm goes bust, following a controversial House of Lords amendment to the Pensions Bill.

Currently, if a pension scheme runs into trouble, any money paid into additional voluntary contributions (AVCs) is the first to be ringfenced.

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Thrifty Savers Find Pensions in Peril ; Money Mail

Thousands of workers have already lost out as companies have gone under, taking their workers'...

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