The Supreme Court ruling on the Nortel case - which is set to be published tomorrow - should bring certainty to how The Pensions Regulator (TPR) can exercise its moral hazard powers in insolvencies.
The court has three options: to class financial support directions (FSD) issued by TPR's determinations panel as an expense of the administration; to treat them as provable debt; or the colourfully...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders