Yet another situation involves the possibility of a major pension scheme coming under threat, this time relating to the takeover of UK engineering group GKN.

The Pensions Regulator has said it is concerned  the increased leverage involved in the proposed takeover by Melrose is likely to have a detrimental impact on the company’s ability to fulfil its current and future pension obligations.

That’s because of fears over the level of additional debt GKN would take on if the takeover goes ahead.

Later today, the management of both companies are due before the Business, Energy and Industrial Strategy committee.

It should be an interesting encounter.