Pension rules

[Ginger Yellow]

So, apparently the pensions regulator will rule today that companies can't jeopardise underfunded pension schemes by paying dividends to shareholders. Frankly I find it quite galling that this was ever in question. Even leaving aside the morality of it, pension funds are unsecured creditors, shareholders are not. You don't get to skip payments on your bank loan while handing cash to your shareholders, so why should pensions be any different? Companies already have huge leeway (reaffirmed by the regulator today) to delay paying their obligations to their pension funds.

[WOM]

Pension rules

Seconded. I wouldn't be half as upset about the position the Big 3 are in right now if their pensions were caught up. Companies should have to prove, on a yearly basis, that all their obligations are up to date. The 'no dividends' thing is a no-brainer.