The following provisions1 apply where a qualifying insolvency event2 has occurred in relation to the employer3 in relation to an eligible scheme4. The Board of the Pension Protection Fund5 must assume responsibility for the scheme6 if: (1) the value of the assets of the scheme7 at the relevant time8 was less than the amount of the protected liabilities at that time9; (2) after the relevant time a scheme failure notice is issued10 in relation to the scheme and that notice becomes binding11; and (3) a withdrawal event has not occurred in relation to the scheme in respect of a
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234