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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