The Pension Benefit Guaranty Corp. will share
non-confidential information on defined benefit plans with the U.K.’s Pensions
Regulator and Pension Protection Fund under an agreement announced Wednesday,
November 4.
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.
Filed by Doug Halonen of Pensions & Investments
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