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Final salary member security top Green Paper priority – Wolanski & Co

Member security in final salary schemes is the main issue the pensions Green Paper needs to address says consulting actuary Wolanski & Co.

The company says urgent action is needed to close the massive gap between members&#39 expectations and their legal rights. Employers often do not have the resources to act as the guarantor of a final salary scheme and this should be explained clearly to scheme members says Wolanski & Co.

Wolanski & Co senior partner Hyman Wolanski says: “Proper funding and disclosure are issues that will not go away and we believe the success or failure of the Green Paper initiative will be judged primarily on how successfully the Government addresses the issue of member security in final salary schemes.”

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