CBI calls for change to insolvency laws

clock

Government should address current insolvency laws to stop pension schemes becoming "super-creditors" following the Nortel and Lehman Brothers ruling, the Confederation of British Industry says.

The employer group said the ruling - which upheld The Pensions Regulator's financial support direction against the insolvent companies - muddles the creditor status of schemes and could make it har...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

FOS issues consultation on compensation interest payments

FOS issues consultation on compensation interest payments

Consultation comes after call for input on FCA and FOS collaboration on improving redress

Jasmine Urquhart
clock 06 June 2025 • 1 min read
ACA calls for 'pragmatic and successful' DB surplus release regime

ACA calls for 'pragmatic and successful' DB surplus release regime

Chair Stewart Hastie praises minister’s recent commitment to reforms

Jasmine Urquhart
clock 06 May 2025 • 1 min read
Most support TPR's move to extend oversight to professional trustee firms

Most support TPR's move to extend oversight to professional trustee firms

However concern over possible regulatory ‘overreach’ and ‘mission-creep’

Jasmine Urquhart
clock 15 April 2025 • 2 min read
Trustpilot