A fresh challenge to the exercise of the powers of the Pensions Regulator has been refused using principles applicable to a range of regulators.
HIG, a private equity group, and others, sought to resist regulatory action in relation to the Silentnight pension scheme.
As a result of concerns relating to confidential business information the hearing was in private, but the judgment is public.
The court upheld the Regulator’s decision to give a second warning notice setting out regulatory action under consideration against HIG rather than a fresh consolidated notice that combined the first and proposed second notices. It held that:
Fenella Morris QC was instructed by The Pensions Regulator (the defendant).
To read the full judgment, please click here.
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