Lehman Brothers FSD case settled

clock

Members of the Lehman Brothers Pension Scheme will receive their benefits in full after a £184m settlement was reached in the six-year legal battle that followed the firm's bankruptcy.

The Pensions Regulator (TPR) announced today the 2,500-member scheme would secure a full buyout and avoid the Pension Protection Fund (PPF). This comes after the watchdog's determinations panel ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Court adjourns proceedings against former sports centre director

Court adjourns proceedings against former sports centre director

TPR prosecution against former director of 1066 Target Sports adjourned for ten weeks

Martin Richmond
clock 16 April 2024 • 1 min read
Rory Murphy: The case for a permanent pensions commission

Rory Murphy: The case for a permanent pensions commission

Setting up an ongoing vehicle for reviewing the retirement savings landscape

Rory Murphy
clock 15 April 2024 • 4 min read
LTA abolition: What do schemes need to know?

LTA abolition: What do schemes need to know?

Communication, member protections and transfers just some of the aspects to prioritise

Jasmine Urquhart
clock 15 April 2024 • 6 min read
Trustpilot