TPR promises not to 'obstruct' insolvencies

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The Pensions Regulator has reassured banks and administrators that it will not "frustrate" the rescue culture in the UK in the wake of the Nortel/Lehmans ruling.

In a statement released today, the regulator said it would not "deliberately delay" issuing a financial support direction to give a pension scheme a higher priority in insolvencies. TPR states i...

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