The Pensions Regulator is consulting on plans to strengthen its guidance for trustees on the practice of offering members incentives to transfer their pension benefits to another arrangement. (Details on p.7.)

The Pensions Regulator has issued a financial support direction against 25 companies in the Nortel Group worldwide, after the sponsoring employer of the Nortel Networks UK Pension Plan was found to be “insufficiently resourced”. Appeals have been lodged. (Details on p.3.)

The BBC is planning to close its DB pension scheme to new members as of 1 December 2010, and to cap future increases to pensionable pay to 1% pa, from April 2011. The cap applies to benefits already accrued as well as benefits accrued in future. (Details on p.4.)

The Pensions Regulator has decided not to issue a financial support direction or contribution notice against Visteon after the US company indicated that liability would be difficult to prove. (Details on p.6.)