The Court of Appeal has upheld an Upper Tribunal ruling against a group of Lehman Brothers firms fighting to be excluded from a financial support direction (FSD) issued by The Pensions Regulator (TPR).
In a judgment handed down on Friday 21 June, the court dismissed the argument that trustees of the Lehman scheme could not apply to add the 38 firms to an FSD issued by TPR's determination panel ag...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
