All Insolvency articles – Page 9
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OpinionWhat we can learn from the Nortel ruling
July saw judges in the US and Canada confirm their May 2015 groundbreaking decision to distribute insolvent Nortel group's remaining assets to worldwide creditors on a modified pro rata basis.
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OpinionToo big to fail: Could some UK schemes pose systemic market risk?
Global financial agencies have raised the spectre of large pension schemes posing systemic risk.
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News
Regulator issues third contribution notice for CWL fund
The Pensions Regulator has issued a contribution notice to an individual in relation to the Carrington Wire pension scheme, but experts warn the amounts recouped will not match the benefits previously promised to members.
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NewsOlympic Airlines judgment prompts calls for slack in PPF rules
The Supreme Court this week ruled against trustees of the Olympic Airlines SA Pension Scheme’s claim for greater Pension Protection Fund compensation, but lawyers are calling for a loosening of insolvency criteria for entry into the lifeboat.
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Opinion
How trustees can tackle those 3am woes
While governance can often be seen as a tick-box process, a small number of issues are increasingly keeping pension directors and chairs of trustees awake at night.
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Opinion
Five key charts from the PPF's Purple Book
Flying in the face of almost everything else pensions-related this year, the latest annual edition of the Pension Protection Fund's Purple Book revealed few if any big shocks.
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NewsPPF targets transparency with insolvency levy changes
Schemes will be able to more precisely focus their efforts to reduce their Pension Protection Fund levy, following the lifeboat’s proposals to make its insolvency risk system more transparent.
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Opinion
PPF: What our levy work means for your scheme
In May 2011 we confirmed a significant development of the pension protection levy with the introduction of the new levy formula.
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Opinion
PPF: How we hunt for value on legal advice
After eight years of operation, the Pension Protection Fund is now equivalent in size to many of the largest pension funds in the UK.
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NewsKodak deal captures new age of sponsor-scheme creativity
News analysis: Purchasing assets from insolvent sponsors could become more common for schemes looking to secure member benefits, according to lawyers working on the Kodak case.
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NewsKodak deal could 'set precedent' for benefit change
News analysis: The technique used to save the Kodak Pension Plan’s sponsor from insolvency could set a precedent for schemes and employers wanting to change members’ benefits to reduce risk.
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News
Essex council fund maps insolvency risk
Essex Pension Fund has produced a map to help predict employer insolvency after a liquidation left it saddled with orphan liabilities.
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FeaturesKodak woes expose risk of overseas sponsors
Kodak’s filing for bankruptcy has left the UK scheme critically underfunded. Pippa Stephens looks at ways to minimise the risk of an overseas guarantor.
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Features
How to insulate DC assets from insolvency risk
Amid a slew of insolvency cases, Pippa Stephens looks at how defined contribution schemes can avoid being faced with defined benefit debt.
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FeaturesWedgwood shows need to revisit s75 debt rules
With Wedgwood having to sell its pottery collection to fund its £134m pension deficit, Pippa Stephens looks at how understanding section 75 debt could minimise insolvency risk.
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Features
Retail insolvencies highlight need for covenant reviews
Managers of pension schemes in the retail sector have been urged to review their employer covenant in response to a host of high street insolvencies.