British PM May sets out plans to protect pensions during takeovers

April 29, 2017 LONDON (Reuters) – British Prime Minister Theresa May pledged to protect workers against irresponsible practices over pensions on Sunday, promising new regulations on how schemes are handled during corporate takeovers. May’s Conservative party will give regulators power to examine takeover proposals that threaten the solvency of a company pension scheme, and the regulator could be empowered to block takeovers if it is not satisfied with the arrangements. May set out the policy ahead of an election June 8. So far her pitch to voters has been based…

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