The Supreme Court has overturned a ruling that financial support directions (FSD) issued by The Pensions Regulator (TPR) in insolvencies should be treated as an expense of the administration.
In a judgment in the Nortel/Lehman case, handed down this morning, the court found that FSDs were in fact provable debts which would rank alongside the claims of other unsecured creditors. The court...
Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.
Vassos Vassou has been hired by Dalriada Trustees to grow business in London and the South East.
AXA Life Invest has hired a regional sales manager and eight retirement specialists to be advisers’ first point of contact for the firm’s drawdown products.
Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.