High Court rules pension debts can be traded after sponsor insolvency

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The High Court has ruled the £74m Section 75 debt of the Kaupthing Pensions Scheme can be sold, paving the way for the wind up of the scheme to be completed.

Following the ruling, which lawyers say will allow other pension debts to be traded after sponsors have gone bust, the debt has been acquired by an undisclosed buyer. The scheme, sponsored by th...

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