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...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.