Financial support direction (FSD) | Practical Law

Financial support direction (FSD) | Practical Law

Financial support direction (FSD)

Financial support direction (FSD)

Practical Law UK Glossary 5-201-5525 (Approx. 6 pages)

Glossary

Financial support direction (FSD)

Where the employer of a defined-benefit (DB) scheme is "insufficiently resourced" or a "service company" (as defined in section 44 of the Pensions Act 2004), the Pensions Regulator may require financial support to be put in place for the purpose of maintaining the solvency of the scheme.