Insolvency

Around 5,000 members of the Johnston Press Pension Plan are expected to enter the Pension Protection Fund (PPF) following a pre-pack administration (PPA) by its sponsor.

Defined benefit (DB) schemes and the Pension Protection Fund (PPF) are set to receive even less in sponsor insolvencies as the Treasury moves the taxman higher up the repayment ladder.

Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.

The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.

Three pension enrolment companies have been wound up by the High Court after the Insolvency Service found they had misled clients.

Company bosses who deliberately dissolve their company to avoid paying pension contributions could be hit with disqualification under government plans.

The Pension Protection Fund (PPF) has published its first official guidance on how it expects companies seeking company voluntary arrangements (CVAs) to set out their proposals.

It is unlawful for the Pension Protection Fund (PPF) to provide compensation equivalent to less than half a member's accrued benefits, an advocate general of the European Court of Justice (ECJ) says.

The Insolvency Service has placed six firms overseeing 15 occupational pension schemes into provisional liquidation after an investigation.

The Nortel Networks UK Pension Scheme will boost benefits for members and leave Pension Protection Fund (PPF) assessment, nine years after the collapse of the US-based telecommunications company.