The Pensions Regulator (tPR) has announced its intention to issue its first Financial Support Direction (FSD) against Sea Containers Limited (SCL). SCL is the Bermuda-based parent company of the UK subsidiary Sea Containers Services Limited (SCSL), which has two UK pension schemes. SCL is currently restructuring under the US Chapter 11 bankruptcy process.
13/08/2008
Regulator raises the stakes
The Pensions Regulator (tPR) has announced its intention to issue its first Financial Support Direction (FSD) against Sea Containers Limited (SCL). SCL is the Bermuda-based parent company of the UK subsidiary Sea Containers Services Limited (SCSL), which has two UK pension schemes. SCL is currently restructuring under the US Chapter 11 bankruptcy process.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment