Subject to the provisions of Part III of the Pension Schemes Act 19931, an employment2 otherwise satisfying the conditions for inclusion in a contracting-out certificate3 had to be so included if and so long as the employer4 so elected and not otherwise5. An election might be so made, and an employment so included, either generally or in relation only to a particular description of earners6; but except in such cases as might be prescribed7, an employer might not, in making or abstaining from making any such election, discriminate between different earners on any grounds other than the nature of
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This Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions typically found in an escrow
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