UK Pensions - US court to decide the fate of Sea Containers' pensions

News

The fate of the 1,500 members of the two deficit-ridden pension schemes of Sea Containers is in the hands of the Delaware Bankruptcy court following agreement between the troubled transport group and the scheme's trustees over payment of the £100 million deficit.

The Pensions Regulator has filed two financial support directives (FSD) which will compel Sea Containers to provide funds to make good the shortfall within 30 days, following the Bermuda-based company's withdrawal of an appeal against an

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