A Canadian judge has rejected attempts by trustees of the Nortel pension scheme to claim more than £1bn from the scheme sponsor's insolvent parent company.
Justice Newbould of the Ontario Superior Court of Justice turned down claims relating to a potential financial support direction (FSD) from The Pensions Regulator (TPR) and intra-company guarantees as...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.