The NAPF commented on today’s publication by The Pension Regulator of guidelines on Financial Support Directions (FSDs) and insolvency.
Darren Philp, NAPF Director of Policy, said:
“This can be a contentious and confusing issue, and it’s good to see the Regulator lay down some guidelines on its approach.
“The Regulator says it is alive to the concerns that have been raised, and stresses it will take account of directly affected parties. We hope this will help calm fears that will inhibit legitimate insolvency or restructuring. However, the real test will be how the Regulator responds to individual cases that arise in the future.”