The government has indicated it may change the order in which debts are recovered during an insolvency, putting pension schemes higher up the hierarchy.
Both defined benefit (DB) and defined contribution (DC) pension obligations are generally "unsecured creditors", ranking the lowest in an insolvency hierarchy. This includes DB recovery plan paymen...
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, 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
