The Pensions Regulator will not pursue moral hazard proceedings against Chemtura to a full determinations panel hearing after the chemical company agreed to contribute £60m to its UK pension scheme.
In a section 89 report, published today, the watchdog revealed the sponsor had already paid in £30m and would contribute a further £30m over the next three years to the Great Lakes UK Limited Pensi...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date