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This petition was submitted during the 2015 to 2017 Parliament

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Closed Protect pension funds by changing the law governing distributions by companies

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Companies Act 2006 fails to prevent the asset-stripping of companies by the unscrupulous for personal gain

Signing this petition may be your best chance to secure the financial future of your company’s pension fund and your life in retirement.

Accumulative distributable reserves brought forward should be used to cover the pension fund deficit first before further distributions.

Fixed assets should be recorded at fair value before assets are transferred and the non-distributable revaluation reserve created should remain with the company.

Non-distributable reserves converted to distributable reserves should be accounted for as unrealized profit for dividend purposes and remain with the company.

Read more at the-empty-chair(dot)com

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  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 3 May 2017.