The government is set to reveal plans next week for an insurance backstop to protect the members of failing pensions schemes.
Members of failing company pension schemes are set to be given greater protection under plans to be unveiled next week by the government.
Andrew Smith, the Secretary of State for Work and Pensions, is set to reveal plans for an insurance scheme to protect the pensions of UK workers, according to reports.
Senior officials are believed to have considered plans to implement a central fund to bail out failing schemes.
In the follow-up to last December's Pensions Green Paper, the government is believed to be looking at closing up legal loopholes that can leave company schemes penniless.
