This Practice Note focuses on the pensions aspects of the City Code on Takeovers and Mergers and explains the pensions issues which arise on a transaction to which the Code applies.
This Beckmann indemnity precedent is suitable for use in a business sale agreement. It is intended to protect a transferee employer from occupational pension scheme liabilities that may transfer to it under the Transfer of Undertakings (Protection of Employment) Regulations 2006, SI 2006/246 (TUPE).
This Overview provides a brief outline of the content in the ‘Outsourcing’ subtopic of Lexis®PSL Pensions, including key pensions issues in a private sector outsourcing (such TUPE and Beckmann issues) and an overview of TUPE for pension lawyers.
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