U.S. and U.K. Pension Agencies to Share Information
The Pension Benefit Guaranty Corp. will share non-confidential information on defined-benefit plans with the United Kingdom’s Pensions Regulator and Pension Protection Fund.
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November 6, 2009
U.S. and U.K. Pension Agencies to Share Information
The PBGC and the two British agencies will share "any
unrestricted information that advances the security of defined-benefit plans
sponsored by private-sector companies," the PBGC said in a statement.
The agreement "is formalizing an existing relationship
that is increasingly important as the economy globalizes," a PBGC spokesman
said.
The Pensions Regulator oversees U.K. corporate
defined-benefit plans; the Pension Protection Fund insures the plans similarly
to the PBGC in the U.S.
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