UK regulators have today published their initial reservations over Pension Corporation's takeover of telecoms group Telent and its £2.5bn (€1.7bn) retirement fund, less than 24 hours after the scheme buyout venture founded by Edmund Truell finally agreed the acquisition.

The Determinations Panel, an independent board that rules on the actions of The Pensions Regulator, last week conducted a review of the regulator's decision to appoint independent trustees to Telent scheme in October.