TPR to argue FSD should be treated as admin expense

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UK/US/CANADA - The Pensions Regulator is expected to argue in the High Court today that a liability that flows from a financial support direction should be treated as an administration expense.

The regulator's counsel is due to say that if Nortel Networks and Lehman Brothers comply with the FSD by paying a liability to their respective stricken pension schemes then that constitutes admini...

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