Corporate sponsors put on notice as Government confirms plans to strengthen the Pensions Regulator's powers

On Monday, in its response to the consultation on protecting DB pension schemes and strengthening the Pensions Regulator, the Government confirmed its plans to:

Filed under:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Herbert Smith Freehills LLP, Corporate governance, Board of directors, The Pensions Regulator
Authors:
Michael Aherne , Tim Smith
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP
Pressure points: Trustees beware - Changes to UK insolvency regime are now in force (UK)

The Corporate Insolvency and Governance Act 2020 received Royal Assent and is now in force.

Filed under:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Coronavirus
Authors:
Rachel Pinto , John Whiteoak , Tim Smith
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP
Insolvency Bill will “seriously weaken” position of DB schemes and the PPF warn peers

The detrimental impact of the Corporate Insolvency and Governance Bill on defined benefit (DB) pension schemes and the Pension Protection Fund (PPF) has been highlighted forcefully by peers in the first sitting of the Committee stage in the House of Lords, which took place yesterday. The leading statements made by peers, together with the Government’s response from Lord Callanan can be found below.

Filed under:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Fourth Amendment, Coronavirus
Authors:
Tim Smith
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP