A judge has ruled The Pensions Regulator (TPR) may issue multiple contribution notices to Lehman Brothers companies that exceed the value of its scheme's section 75 (s75) debt.
The multi-employer Lloyds Superannuation Fund has insured £40m of its liabilities with Pension Insurance Corporation (PIC).
The Pensions Regulator (TPR) has warned trustees and employers within multi-employer defined benefit (DB) schemes that they cannot count deficit repair contributions as payments towards section 75 (s75) debts as well.
Rachel Dalton looks at how charities supporting DB schemes are being hit hard by the recession
The Pensions Regulator has published guidance confirming the creation of flexible rules for sponsors which leave multi-employer defined benefit schemes.
The date of sponsor insolvency should be used to calculate section 75 debt liabilities - saving sponsors millions of pounds in potential liabilities, the High Court rules.
The government has ruled out exempting charities from elements of Section 75 in response to concerns ‘last man standing' rules may force the Wedgwood Museum to sell off its collection.
The multi-employer Students' Union Superannuation Scheme is to close to future accrual at the end of the month due to fears over section 75 debt liabilities.