Employer debt

Employer debt guidance:

THIS PRACTICE NOTE APPLIES TO MULTI-EMPLOYER DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Apportionment arrangements provide exiting employers of underfunded defined...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Sections 75 and 75A of the Pensions Act 1995 (PA 1995) impose an obligation on a...

Practice Note

FORTHCOMING DEVELOPMENT On 11 February 2019, the DWP published its response to the consultation ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’...

Practice Note

Produced in partnership with John Hamilton of Blake Morgan This Deed is made the [insert day] day of [insert month] 20[insert year] Parties 1 [Insert full company name]...

Precedents

Produced in partnership with John Hamilton of Blake Morgan This Deed is made the [insert day] day of [insert month] 20 [insert year] Parties 1 [insert full company name]...

Precedents

Produced in partnership with Paul Hodges of Clyde & Co This Deed is made the [insert day] day of [insert month] 20[insert year] Parties: 1 [●] a limited company...

Precedents

THIS PRACTICE NOTE APPLIES IN RELATION TO MULTI-EMPLOYER DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES This Practice Note considers the issues which trustees of a...

Practice Note

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL DEFINED BENEFIT PENSION SCHEMES THAT ARE SUBJECT TO EMPLOYER DEBT REQUIREMENTS Since 27 January 2012, it has been possible to...

Practice Note

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL DEFINED BENEFIT PENSION SCHEMES THAT ARE SUBJECT TO THE EMPLOYER DEBT REQUIREMENTS Corporate restructurings can frequently give...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES This Practice Note explains how a section 75 debt can be dealt with on a...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES This Practice Note looks at the alternative methods available to deal with a...

Practice Note

Employers with final salary pension schemes (a type of defined benefit scheme) have been looking for ways to reduce their exposure to financial liability and many have...

Practice Note

THIS PRACTICE NOTE APPLIES TO MULTI-EMPLOYER DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES This Practice Note looks at relevant transfer deductions, in particular their...

Practice Note

THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES A contingent debt is a debt that is dependent on the occurrence of some future event. It is not...

Practice Note

This guide is primarily aimed at trainees, newly qualified lawyers and other persons who are new to or unfamiliar with pensions law. One of the most important areas of...

Practice Note

One of the dangers of employment cessation events is that they may inadvertently be triggered, eg because the sole remaining active member of an employer in a...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES A scheme's statutory employer is an employer legally responsible for: • meeting the...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES What is a section 75 debt? Sections 75 and 75A of the Pensions Act 1995 (PA 1995)...

Practice Note

With effect from 6 April 2018, the Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2018, SI 2018/237 amended the Occupational...

Practice Note

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL DEFINED BENEFIT PENSION SCHEMES IN ENGLAND AND WALES THAT ARE SUBJECT TO THE EMPLOYER DEBT REQUIREMENTS The Occupational...

Practice Note

Introduction Trustees need to be aware of the events that could give rise to a debt under section 75 of the Pensions Act 1995 (section 75 debt) so that they know: • when...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO DB OCCUPATIONAL PENSION SCHEMES Certain events may result in a section 75 debt becoming due from a participating employer of an...

Practice Note

Section 75A of the Pensions Act 1995 (PA 1995) and the Occupational Pension Scheme (Employer Debt) Regulations 2005, SI 2005/678 (the Employer Debt Regulations), together...

Practice Note

THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES The importance of identifying a scheme’s statutory employer(s) A key aspect of the law relating...

Practice Note

THIS PRACTICE NOTE APPLIES TO MULTI-EMPLOYER DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Withdrawal arrangements provide exiting employers of underfunded defined benefit...

Practice Note