UK - Sea Containers Limited (SCL) has withdrawn its appeal to the Pension Regulator Tribunal against a June 2007 Determinations Panel decision to issue two Financial Support Directions (FSD) on the company.
SCL will be compelled to provide a form of financial support to the two schemes within 30 days of the Financial Support Directions being issued.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.