Ericsson Pension Trustee Disqualified David John Foster, HR director and chair of Employee Benefits Scheme at telecom equipment maker Ericsson, is first trustee to be disqualified by Pension Regulator, misrepresented benefits, took 'exceptionally favourable' pension for himself 16.01.07 Telegraph, Pensions
Pension Fund Left Out of M&A Deal Private equity firm Investcorp has bought printer Polestar's contracts, leaving behind pension liabilities, promise to invest £45m in pension fund, but concern that private equity funds are increasingly finding ways to avoid responsibility for pensions in target companies 08.12.06 Telegraph, Corporate Governance, Media Law, Pensions, Private Equity
Extra NIC Payments Likely Wasted Pensions bill in last week's Queen's Speech will make full state pension available for anyone who has made 30 years' contributions, voluntary additional NIC contributions will have been wasted, many made payments understanding they were advised by govt 20.11.06 Times, Financial Services, Pensions, Queen's Speech 2006
TH Global Walks Away From Pension Shortfall Engineering business, formerly Kvaerner, has been allowed to sell without making up pension shortfall or going into insolvency, Pension Regulator has approved scheme to raise risk of investments, put money into hedge funds and private equity 10.07.06 BBC, Capital Markets, Insolvency, Pensions
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 Protection Fund, Pensions
Regulator Warns on Pension Transfer New ways of managing pension funds could lead employers abandoning pension schemes, Pensions Regulator CEO Tony Hobman says transactions which transfer pension schemes could result in employers no longer meeting their obligations, trustees should apply a high level of scrutiny 10.10.06 Pensions Regulator Press Release, Pensions
Governance of Pensions The Pensions Regulator has published a report on a survey on the governance of pension schemes, * Trustees confident in their ability to govern pension schemes - significant minority of schemes have shortcomings, important link between training and governance 06.09.06 Pension Regulator Press Release, Pensions
Pension Regulator Strategy The Pensions Regulator today published its strategic priorities for the next three years, makes clear that it will continue to take a risk-based approach, strengthening the funding of defined benefit schemes,
improving governance of work-based pensions, reducing risks to members of defined contribution pension schemes 02.05.06 Pensions Regulator, Pensions
Pensions Ombudsman A guide to the Pensions Ombudsmanâs decision-making has now been published, to encourage improvement in areas such as the payment of death benefits, complaints handling and ill health retirement applications 25.11.05 Law Now, Pension Links
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 Protection Fund, Pensions
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 Protection Fund, Pensions
