MPs Press TPR On £6B Gap In Railways Pension Scheme

Law360, London (April 16, 2019, 2:16 PM BST) -- Lawmakers have called on Britain's pensions watchdog to explain the “staggering, parlous state" of the Railways Pension Scheme, after it emerged that the industry-wide plan is underfunded by as much as £6 billion ($7.8 billion).

The House of Commons Work and Pensions Committee said on Monday it wants to know the full extent of the shortfall in the scheme and how The Pensions Regulator plans to work with transit operators and the government to plug the gap.

Frank Field, the committee’s chairman, asked the watchdog’s new chief executive, Charles Counsell, to explain “the extent of the deficit and TPR’s actions and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!





Government Agencies