Bloom & Others v The Pensions Regulator & Others  UKSC 52Posted In: Case Law
Case ReferenceUKSC 52
Legal BodyUK Supreme Court / House of Lords (UKSC/UKHL)
Type of Claim / JurisdictionPensions
A financial support direction (FSD) or contribution notice (CN) was issued by the Pensions Regulator to company which had entered into insolvent administration. Group Company B and Group Company C had final pension salaries in place for their employees. Both B and C had significant deficits (£120 million and £2.1 billion respectively) and so entered insolvent administration. Financial support was provided by target companies, by the issue of FSDs by the Pension Regulator. The FSDs were issued after the target companies had entered insolvency administration. The court considered whether liability imposed by the FSDs would be considered (1) as an expense of the target company’s
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