Allen & Overy

Regulator determination panel says US parent was source of contributions

The subject of whether The Pensions Regulator's moral hazard laws are fit for purpose reared its head this week after it issued its third financial support direction against six Lehman Brothers subsidiaries.

The Pensions Regulator's ability to enforce its financial support direction against six Lehman Brothers subsidiaries is questionable due to ongoing insolvency proceedings, lawyers say.

Trustees have been given less than a month to ensure they comply with the Occupational Pension Schemes (Invest-ment) (Amendment) Regulations 2010.

Amended legislation bringing the UK into line with Europe means trustees must monitor all collective investments to adhere to strict sponsor investment rules.

The Pensions Regulator is taking an aggressive and threatening stance with trustees who have not performed a formal covenant review, a lawyer says.

UK - The Pensions Regulator is taking an aggressive and threatening stance with trustees who have not performed a formal covenant review, a lawyer says.

The Pensions Regulator recently issued its covenant assessment guidance. Laura Blows looks at why this advice was necessary, its key points and how it may evolve

European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry warns.

The use of covenant advisers has increased, becoming more streamlined, regular and of less concern to employers, Allen & Overy says.