UK - The Pension Regulator (TPR) yesterday released the reasons behind its recent groundbreaking decision to slap a Financial Support Direction (FSD) on Bermuda-based company Sea Containers Ltd (SCL), which is in chapter 11 bankruptcy proceedings in the US.
TPR announced on 18 June that an FSD would be issued against Sea Containers relating to each of the two occupational schemes of the company’s UK-based operations, Sea Containers Services Limited (S...
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