The Pensions Regulator is enabling the option for DB schemes to renegotiate recovery plans to repair scheme deficits, says the regulator in its reviewed Corporate Plan 2009-2012.
TPR chairman David Norgrove and chief executive Tony Hobman said that the position of trustees of a scheme in deficit is "akin to an unsecured creditor," while making clear that the "best support f...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
