Pension scheme trustees could find themselves with a better seat at the table during a corporate restructuring under government proposals presented to parliament last week.
The Pension Protection Fund (PPF) has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
The PPF is increasingly being called to vote on behalf of pension schemes in the event of a CVA process. James Phillips speaks to Malcolm Weir about the lifeboat fund’s capabilities.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter
The Pension Protection Fund (PPF) has appointed Mike Ridley as head of restructuring and published a further guidance note for schemes facing insolvency events.
Around 5,000 members of the Johnston Press Pension Plan are expected to enter the Pension Protection Fund (PPF) following a pre-pack administration (PPA) by its sponsor.
Defined benefit (DB) schemes and the Pension Protection Fund (PPF) are set to receive even less in sponsor insolvencies as the Treasury moves the taxman higher up the repayment ladder.
Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.
The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.
Three pension enrolment companies have been wound up by the High Court after the Insolvency Service found they had misled clients.
Company bosses who deliberately dissolve their company to avoid paying pension contributions could be hit with disqualification under government plans.
The Pension Protection Fund (PPF) has published its first official guidance on how it expects companies seeking company voluntary arrangements (CVAs) to set out their proposals.
It is unlawful for the Pension Protection Fund (PPF) to provide compensation equivalent to less than half a member's accrued benefits, an advocate general of the European Court of Justice (ECJ) says.
The Insolvency Service has placed six firms overseeing 15 occupational pension schemes into provisional liquidation after an investigation.
The Nortel Networks UK Pension Scheme will boost benefits for members and leave Pension Protection Fund (PPF) assessment, nine years after the collapse of the US-based telecommunications company.
The UK arm of Toys R Us has entered administration just two months after a major restructuring deal was agreed with creditors including the Pension Protection Fund (PPF) to prevent the company going bust.
As the government considers reviewing where schemes rank in insolvencies, James Phillips explores how likely it is for schemes to be able to recover debts and if change is needed.
The Work and Pensions Committee (WPC) and the Business, Energy and Industrial Strategy Committee (BEISC) will hold two sessions to probe why Carillion went into liquidation.
The government has indicated it may change the order in which debts are recovered during an insolvency, putting pension schemes higher up the hierarchy.
Carillion's 13 UK defined benefit (DB) schemes were added to the Pension Protection Fund's (PPF) watch list by autumn last year, the Financial Times reports.
Richard Favier says extending the 12-month period would result in a lot of companies seeking to pass their pension debts to the PPF
Toys R Us may have to pay around £9m into its defined benefit (DB) scheme so its restructuring deal can be agreed by the Pension Protection Fund (PPF), according to reports.
Two-thirds of the industry believe The Pensions Regulator (TPR) should look at the immediate insolvency of a company when considering whether to approve a restructure involving a pension scheme.
There are increasing concerns pre-pack administrations are being exploited to dump pension schemes into the PPF. Stephanie Baxter explores whether there is systemic misuse and if the regime is ripe for reform