Underfunded Pension scheme. Company in merger talks.

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Grizzly

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The company that I worked for is in talks with another similar company regarding a merger of interests. Our company Pension fund is underfunded at the moment. When both companies merge there is likely to be a number of job losses and early retirements/golden handshakes that sort of thing. It concerns me that certain people might be allowed draw on the funds that are left in the pension fund leaving little for the rest of us.
Does the Pension Regulator have any powers to intervene in this matter or oversee that all members interests are protected?
 
Re: Pension Regulator can he intervene.?

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