Judges in the US and Canada have ruled Nortel's assets of $7bn (£4.5bn) should be equally distributed among its creditors, in what lawyers say is a victory for UK pensioners.
The ruling, delivered by the Bankruptcy Court for the District of Delaware and Ontario's Superior Court of Justice, means that all creditors will receive up to a 71% return on their claims. Distributed...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).