In the case of In the matter of Construction Confederation and In the matter of the Insolvency Act 1986 [2009] EWHC 3551 (Ch), the trustees of the Construction Confederation Staff Pension Scheme have obtained an order for winding up of the sponsoring employer, an unincorporated association.
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Norton Rose Fulbright, Voluntary association, Liquidation, Insolvency Act 1986 (UK), Pensions Act 2004 (UK), Trustee, High Court of Justice (England & Wales)
On 9 November, the PPF published proposals for the 2011/12 pension protection levy year which aim to improve the way the insolvency risk for sponsoring employers is assessed. The proposals reflect industry feedback and a review of methodology and insolvency probabilities carried out by Dun & Bradstreet (D&B).
The key changes include:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Norton Rose Fulbright, Regulatory compliance, Charitable organisation, Subsidiary, Parent company, Charity Commission for England and Wales