PENSIONS REGULATOR – Financial support direction – pension scheme of joint venture company insufficiently resourced – jurisdiction – whether Targets connected with or an associate of the employer at the relevant time – yes – whether the legislation can be applied to events all of which occurred before legislation came into force – yes – whether different treatment by Regulator of Targets to co-joint
venturer lawful- yes- whether presence of moral hazard necessary – no – whether reasonable to impose financial support direction on the Targets – yes – Pensions Act 2004 ss 43, 100 and 103 – references dismissed
Citations:
[2018] UKUT 164 (TCC)
Links:
Statutes:
Jurisdiction:
England and Wales
Financial Services
Updated: 22 April 2022; Ref: scu.616369
