{{Short description, Government issued inquiry
''Pension Law Reform'' (1993) Cm 2342, also known as the Goode Report after its leading author,
Roy Goode
Sir Royston Miles "Roy" Goode (born 6 April 1933) is an academic commercial lawyer in the United Kingdom. He founded the Centre for Commercial Law Studies at Queen Mary, University of London. He was awarded the OBE in 1972 followed by the CBE ...
, was a UK government commissioned inquiry into the state of
pensions in the United Kingdom
Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions - state, occupational and personal pensions.
The state pension is based on ...
, which ultimately led to a set of statutory reforms in the
Pensions Act 1995
The Pensions Act 1995c 26 is a piece of United Kingdom legislation to improve the running of pension schemes.
Background
Following the death of Robert Maxwell, it became clear that he had embezzled a large amount of money from the pension fund ...
.
Background
A series of scandals and corporate collapses in the late 1980s and early 1990s had led to losses to occupational pension funds, and brought public pressure for changes to pension regulation. In particular,
Robert Maxwell
Ian Robert Maxwell (born Ján Ludvík Hyman Binyamin Hoch; 10 June 1923 – 5 November 1991) was a Czechoslovak-born British media proprietor, member of parliament (MP), suspected spy, and fraudster.
Early in his life, Maxwell escaped from ...
, the proprietor of the
Mirror News Group
A mirror or looking glass is an object that reflects an image. Light that bounces off a mirror will show an image of whatever is in front of it, when focused through the lens of the eye or a camera. Mirrors reverse the direction of the ima ...
had suddenly died and it was then revealed that he had been stealing millions of pounds from his employees' pension schemes.
See also
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UK company law
The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary lega ...
*
UK labour law
United Kingdom labour law regulates the relations between workers, employers and trade unions. People at work in the UK can rely upon a minimum charter of employment rights, which are found in Acts of Parliament, Regulations, common law and equit ...