The PBGC will share non-confidential information with the U.K.-based Pensions Regulator and Pension Protection Fund under an agreement announced today.
The Pension Benefit Guaranty Corp. 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 news release.
The agreement “is formalizing an existing relationship that is increasingly important as the economy globalizes,” Jeffrey Speicher, PBGC spokesman, said in an interview.
The Pensions Regulator oversees U.K. corporate DB plans; the Pension Protection Fund insures the plans similarly to the PBGC in the U.S.
