A second instalment looking at pension reform and the impact on IR
In August 2006, a deeply divided Congress found one issue it could tackle with united enthusiasm: pension reform. The result was the Pension Protection Act (PPA) 2006, sometimes referred to as the Enron Act. As detailed last month (see Look out for the little guy, January 2007, page 44), the PPA puts more fiduciary and reporting requirements on management’s shoulders and sets stringent requirements on a variety of liquidation and diversification issues.
According to Mark Bogart, a lawyer
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