TPR

UK/US/CANADA - A financial support direction issued by The Pensions Regulator against insolvent companies is an expense of the administration and must be complied with, the High Court has ruled.

A financial support direction issued by The Pensions Regulator against insolvent companies is an expense of the administration and must be complied with, the High Court has ruled.

Trustees involved in an enhanced transfer exercise must start from the presumption it is not in the best interests of members, The Pensions Regulator confirms.

Michael O'Higgins has been named as David Norgrove's replacement as chairman of The Pensions Regulator.

The Pensions Regulator should be more accountable and promote high-quality workplace pensions, trustees and scheme managers believe.

The length of time it takes companies to repair defined benefit scheme deficits continues to increase, data from The Pensions Regulator shows.

The Pensions Regulator has reinforced its concern employers are placing excessive pressure on members over enhanced transfer value exercises, outgoing chairman David Norgrove says.

Defined contribution provision provides a "grossly inadequate" income and is condemning future elderly to a life of poverty, research by a think tank reveals.

Trustees should monitor sponsor covenant to the same extent as fund performance, latest guidance from The Pensions Regulator says.

The Pensions Regulator is expected to argue in the High Court today that a liability that flows from a financial support direction should be treated as an administration expense.