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Fears for Pensions in LBO Deals Fears for Pensions in LBO Deals Trustees of Boots Alliance pension fund are demanding extra £1b from private equity bidder KKR Times Pensions Regulator has issued a 'reminder' on issues for trustees clearing corporate deals Pensions Regulator Press Release Pensions Regulator issues guidance on abandonment, when sponsor severs ties with pension funds 04.05.07 Pensions Regulator Press Release, Capital Markets, Pension Regulator, Pensions, Private Equity, Retail Law

Pension Regulator Demands M&A Safeguards Pension Regulator Demands M&A Safeguards Pension Regulator is expected today to publish guidelines on for trustees facing merger or acquisition, likely to require 'substantial upfront' funding even where pension is in surplus 03.05.07 Financial Times, Capital Markets, Pension Regulator, Pensions, Private Equity

Pensions Close to Existing Members Pensions Close to Existing Members WH Smiths and former subsidiary Smiths are closing their final-salary pension schemes to existing members, deficit has persisted despite significant extra payments 11.01.07 Guardian, Pensions, Retail Law

Women Will Lose From Pension Fund Women Will Lose From Pension Fund Payments from Pension Protection Fund may not be included in divorce settlements, payments are not pension but 'compensation' and are beyond reach of divorcees 08.01.07 Guardian, Divorce, Pension Regulator, Pensions, Sex Discrimination

PPF Saves 43k Pensions PPF Saves 43k Pensions In first year of operation, Pension Protection Fund says it has had 98 applications for assistance, has saved pensions for 43k people 08.11.06 BBC, Pensions

Minister Rejects Pension Claims Minister Rejects Pension Claims Pension reform minister Purnell has rejected calls by MPs and Ombudsman to increase govt contributions in making up shortfalls in poorly run pension schemes 03.11.06 Guardian, DWP Press Release, Pensions

Regulator Warns on Pension Sell Offs Regulator Warns on Pension Sell Offs Pension Regulator CEO Tony Hobman is to warn firms not to sell their defined benefit pension schemes as a means to escape deficit liabilities, total deficit in occupational pensions now £100b 09.10.06 Telegraph, Financial Services, Pension Regulator, Pensions

DWP Threatens Pensioners DWP Threatens Pensioners Govt is threatening to pursue pensioners with unlimited legal fees if they go ahead with judicial review of Parliamentary Ombudsman decision, lost pensions through company insolvencies 07.07.06 Times, Insolvency, Pensions

MPs Query Govt Refusal to Make Up Pensions MPs Query Govt Refusal to Make Up Pensions Commons committee has accused pensions minister Hutton of risking constitutional crisis in refusing to heed ruling of parliamentary ombudsman on pension short-falls, Abraham says govt's 'inaccurate' information on case of 85k pensioners is maladministration 29.06.06 Guardian, Pensions

MPs Query Govt Refusal to Make Up Pensions MPs Query Govt Refusal to Make Up Pensions Commons committee has accused pensions minister Hutton of risking constitutional crisis in refusing to heed ruling of parliamentary ombudsman on pension short-falls, Abraham says govt's 'inaccurate' information on case of 85k pensioners is maladministration 29.06.06 Guardian, Pensions


Trustee Knowledge Update Trustee Knowledge Update CMS Cameron McKenna have now published the third edition of their Trustee Knowledge Update, providing information on recent legal developments to help satisfy duties in relation to the Pensions Act 2004 19.02.08 Law Now, Financial Services, Pension Regulator, Pensions

Extension of Pension Assistance Extension of Pension Assistance Govt has announced details of a funding review with the aim of giving further help to people who lost money when their pension schemes wound up under-funded, to be led by Andrew Young, Directing Actuary of the Government Actuary's Department, review will be advised by panel of leading experts 24.04.07 DWP Press Release, Financial Services, Insolvency, Pensions

Review of FAS Asset Management Review of FAS Asset Management DWP secretary John Hutton yesterday announced a review of pension scheme assets held by insolvent employers, review will examine best use of assets in pension schemes winding up under-funded with insolvent sponsor, determine if these funds could be used to assist affected members 29.03.07 DWP Press Release, Insolvency, Pension Regulator, Pensions

Pension Act Update Pension Act Update This is the fourth update in our series on regulations and codes of practice issued under the Pensions Act 2004. Provisions have been included to comply with the European Pensions Directive 22.09.05 Law Now, Pension Links

Pensions Act Pensions Act A summary of some recent Pensions Act 2004 related developments, including member-nominated trustees and modification of rights, plus details of impending changes on civil partners and age discrimination 09.08.05 Law Now, Age Discrimination Links, Pension Links

Pensions Act Update Pensions Act Update Since the enactment of the Pensions Act 2004 in November last year, there has been a steady stream of regulations, draft regulations and codes of practice and this is likely to continue over the next 12 months 16.03.05 Law Now, Pension Regulator, Pensions

Pensions Act Update I Pensions Act Update I Since the enactment of the Pensions Act 2004 in November last year, there has been a steady stream of regulations, draft regulations and codes of practice and this is likely to continue over the next 12 months 16.03.05 Law Now, Pension Regulator, Pensions, Corporate Governance

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Court Backs Pensioners Court Backs Pensioners Mr Justice Bean says pension minister John Hutton had no power to reject report of ombudsman Ann Abraham, case of four pensioners whose penison schemes collapsed when sponsoring companies became insolvent, prior to pension protection fund, ruling could affect on 85k pensioners 22.02.07 BBC, Employment Law, Pensions

Insolvency Betrays Pensioners Insolvency Betrays Pensioners Govt had encouraged workers to save through occupational pension schemes, assured that they would be paid in cases of insolvency, application for judicial review of govt decision to reject compensation, affects 125k private sector workers 08.02.07 Daily Mail, Insolvency, Pensions

ECJ Rules Against ASW Pensioners ECJ Rules Against ASW Pensioners ECJ has ruled that under 1980 EC Insolvency Directive, state does not have absolute duty to guarantee pension benefits in cases of insolvency, decision in Robins, Burnett v DWP, pensioners in Allied Steel & Wire (ASW), differs from that of Advocate General, who ruled for complete protection 26.01.07 Times, Law Now, Corporate Governance, Insolvency, Pension Regulator, Pensions

ECJ to Rule on Pension Compensation ECJ to Rule on Pension Compensation Court will rule today on Allied Steel & Wire (ASW), 1k workers lost pensions following insolvency, refused state compensation as occured prior to Pension Protection Fund, decision will open floodgates for further claims 25.01.07 Telegraph, Company Law, Insolvency, Pensions

ECJ Rejects Compensation for ASW Pensioners ECJ Rejects Compensation for ASW Pensioners The Advocate General has ruled in ASW case, concludes that under the 1980 EC Insolvency Directive, the UK government should have taken steps to ensure benefits under final salary pension schemes were protected against insolvency, breach not sufficiently serious to give rise to claims for compensation 13.07.06 Law Now, Basic Materials, Insolvency, Pension Regulator, Pensions

Pension Bankruptcy Pension Bankruptcy Pension trustees at Armstrong Group, an otherwise healthy business, reject management plan for pension deficit to access superior funds available after bankruptcy through Financial Assistance Scheme 15.03.06 Telegraph, Insolvency, Pensions








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PPF Draft RegulationsDWP Consultation

Department for Work and Pensions consultation on key Regulations governing the Pension Protection Fund (PPF)

DWP Press Release
Pension Protection Fund: Consultation on Draft Regulations


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