Government will launch a formal consultation on legislation to overhaul section 75 debt regulations over the summer, the DWP has confirmed to PP.
The department said it hoped the legislation, which will amend Section 75 of the Pensions Act 1995, would come into force in October and would ease the employer debt rules for firms in the process of restructuring....
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