BREAKING NEWS

Alan Rubenstein to step down as head of UK's pension rescue fund - Sky News

Now Reading:

Alan Rubenstein to step down as head of UK's pension rescue fund - Sky News

Text size Aa Aa

(Reuters) – The chief executive of Britain’s Pension Protection Fund (PPF) will step down early next year from the role he will have held for nearly nine years, Sky News reported on Sunday.
Alan Rubenstein’s departure will be announced on Monday, Sky News said, citing a Whitehall source.
Rubenstein, who was appointed as CEO of the PPF in 2009, was previously responsible for managing the Pensions Advisory Group at U.S.-based Lehman Brothers.
The PPF bails out under-funded schemes whose sponsors go bankrupt, financing itself by charging a levy which varies from scheme to scheme depending on their financial shape. http://reut.rs/2gVsm00.
The PPF could not be immediately reached for comment.


(Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Elaine Hardcastle)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.