Appeal court rules against Lehman firms fighting FSD

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The Court of Appeal has upheld an Upper Tribunal ruling against a group of Lehman Brothers firms fighting to be excluded from a financial support direction (FSD) issued by The Pensions Regulator (TPR).

In a judgment handed down on Friday 21 June, the court dismissed the argument that trustees of the Lehman scheme could not apply to add the 38 firms to an FSD issued by TPR's determination panel ag...

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