Global enterprise signals global financial support direction

We've only just witnessed the Pensions Regulator's first contribution notice. Now we're looking at its second financial support direction (FSD) exercise (the last time it issued any FSDs was in 2008 in respect of two Sea Containers pension schemes).

Groups run along business (as opposed to corporate) lines will be given pause for thought if they happen to satisfy the basic criteria for an FSD. Is a global approach the most risky when it comes to the reach of the Regulator?

Wragge & Co's pensions experts investigate further.