Tag: Distressed DB

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Protecting schemes from sponsoring employer distress

Introduction On 12 November, TPR published guidance for trustees of all DB schemes, encouraging them to prepare now for the possibility that their sponsoring employer could face financial difficulties in the future. Trustees should also be...

Corporate Insolvency and Governance Act 2020 – the pensions implications

Introduction Expedited as a result of the COVID-19 pandemic, the Corporate Insolvency and Governance Act 2020 (“the Act”) received Royal Assent on 25 June 2020. The Act is designed to provide businesses in financial difficulties with...