Guarantees from scheme sponsor parents used as contingent assets could be worthless unless they are monitored regularly by trustees, lawyers warn.
Sacker & Partners partner Chris Close said trustees who accepted a pledge of support from a sponsor’s overseas parent must regularly monitor the guarantee in case the parent’s financial health deteriorates....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers