THE EUROPEAN COMMISSION has launched a green paper1 in an attempt to ensure what it describes as “adequate, sus tainable and safe pensions throughout the EU”.

A CLAIM LODGED through the US bankruptcy courts by the Pension Protection Fund (PPF), to try and recoup $550 million from the US owner of the failed company Visteon UK, has been withdrawn. The PPF withdrew the claim following the Pensions Regulator’s decision not to use its anti-avoidance powers against the Visteon US entities.

THE PENSIONS REGULATOR has decided to completely rewrite its guidance for trustees of defined-benefit (DB) multiemployer schemes. It is consulting
on a revised version1 which is far more detailed than the existing guidance.

THE PENSIONS REGULATOR is proposing to strengthen its guidance for trustees on the practice of offering members incentives to transfer their pension benefits to another arrangement. It has published a consultation paper1 on the topic, together with a new e-learning module and a joint statement with the
Financial Services Authority (FSA), all of which warn trustees that they should start with the presumption that such exercises and transfers are not in members’ best interests.