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Pensions regulator withdraws threat of FSD
- Herbert Smith Freehills LLP
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- United Kingdom
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- July 15 2011
The Pensions Regulator announced this week that it will not pursue action to impose a Financial Support Direction against US company, Chemtura Corporation and members of its group after a funding settlement, involving the payment of expedited contributions to the pension scheme of its UK subsidiary, was reached with the scheme's trustees
Scottish court rules that trustee claims are admissible in the winding up of an insolvent participating employer
- Herbert Smith Freehills LLP
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- United Kingdom
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- February 1 2011
A claim by trustees against an insolvent participating employer (who has ceased to participate in the pension scheme) for its share of the scheme deficit is a contingent obligation at the date of winding up and is admissible in the winding-up
Silentnight - sweet dreams for the pensions regulator
- Herbert Smith Freehills LLP
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- United Kingdom
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- May 13 2011
The story of the Silentnight restructuring has featured in the press today
Regulator's statement on its approach to FSDs in insolvency situations provides little comfort for insolvency practitioners or lenders
- Herbert Smith Freehills LLP
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- United Kingdom
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- July 27 2012
The Pensions Regulator has issued a statement setting out its approach to Financial Support Directions in insolvency situations
DWP consults on changes to Section 75: certain corporate restructurings will not trigger an employer debt
- Herbert Smith Freehills LLP
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- United Kingdom
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- October 21 2009
On 17 September the DWP published a consultation paper (attaching draft regulations) in which it proposes that certain corporate restructurings will not trigger an employer debt under section 75 of the Pensions Act 1995
PE houses and pre-packs - will the Pensions Regulator act?
- Herbert Smith Freehills LLP
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- United Kingdom
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- October 5 2011
The story of the restructuring of carpet-maker, Brintons has featured in the press recently, with emphasis on the role of Carlyle, one of the world's biggest private equity firms
FSD determination affecting Lehman Brothers scheme
- Herbert Smith Freehills LLP
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- United Kingdom
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- September 30 2010
On 17 September, the Pension Regulator's Determinations Panel announced that it had issued a determination that six companies within the Lehman Brothers group (including the group's main operating companies in the UK as well as the US parent Lehman Brothers Holding Inc.) should provide financial support to the Lehman Brothers Pension Scheme
Current Search
- Jurisdiction - United Kingdom
- Workarea - Employee Benefits & Pensions
- Workarea - Insolvency & Restructuring
- Author - Alison Brown
- Author - Ian Gault