Proposed revisions to the Pensions Regulator's clearance guidance

September 2007

News alert
On 10th September the Pensions Regulator issued a consultation document on proposed revisions to its existing guidance on clearance statements. The initial guidance was intended to give clarity on the approach the Regulator would take towards the clearance process and explain in more detail how the process would operate in practice. The revisions follow on from the Regulator’s comments earlier in the year that clearance should be considered when there was a significant weakening of the employer’s covenant regardless of the funding level of the pension scheme.
 
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