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Fewer Sleepless Nights Over Defined Benefit Pension Plans – a Bonus for Backers

June 2011
Christian Pilkington, Nicholas Greenacre, Jeremy Duffy

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Silentnight & Bonas: Anyone investing in, financing or restructuring a corporate group that operates defined benefit pension schemes will be aware of the potential powers of The Pensions Regulator (the Regulator). The recent decision in Bonas, that ailing companies operating defined benefit pension schemes do not need to be kept on life support by the parent or other group companies, is a welcome insight into how the courts will interpret the Regulator's powers.

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