The Pensions Regulator has reassured banks and administrators that it will not "frustrate" the rescue culture in the UK in the wake of the Nortel/Lehmans ruling.
In a statement released today, the regulator said it would not "deliberately delay" issuing a financial support direction to give a pension scheme a higher priority in insolvencies. TPR states i...
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
