Nortel: The impact of the Supreme Court ruling

Jack Jones looks at the three options that were open to the Supreme Court

clock

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
List: The DC and DB benefits being targeted for IHT purposes from 2027

List: The DC and DB benefits being targeted for IHT purposes from 2027

Treasury docs reveal the extent of plans to include pension death benefits in IHT regime

Professional Pensions
clock 30 October 2024 • 1 min read
PPF publishes s143 valuation assumptions consultation response

PPF publishes s143 valuation assumptions consultation response

PPF confirms ‘marginally overfunded’ schemes will be able to use discount rate for s143 valuations

Martin Richmond
clock 29 October 2024 • 2 min read
Trustpilot