The following Pensions precedent produced in partnership with Tim Smith of Herbert Smith Freehills provides comprehensive and up to date legal information covering:
This Deed of Merger is made on the [insert day] day of [insert date] 2019
[TRUSTEE OF TRANSFERRING SCHEME] (Company No. [ ]) whose registered office is at [address] (the ‘Transferring Trustee’);
[PRINCIPAL EMPLOYER OF TRANSFERRING SCHEME] (Company No. [ ]) whose registered office is at [address] (‘Transferring Scheme Employer’);
[TRUSTEE OF RECEIVING SCHEME] (Company No. [ ]) whose registered office is at [address] (the ‘Receiving Trustee’); and
[PRINCIPAL EMPLOYER OF RECEIVING SCHEME] (Company No. [ ]) whose registered office is at [address] (‘Receiving Scheme Employer’).
The Transferring Trustee is the trustee of the [Name of Transferring Scheme] (the ‘Transferring Scheme’).
The Receiving Trustee is the trustee of the [Name of Receiving Scheme] (the ‘Receiving Scheme’).
The Receiving Scheme Employer is the Principal Employer of the Receiving Scheme and the Transferring Scheme Employer is the Principal Employer of the Transferring Scheme.
Both the Receiving Scheme and the Transferring Scheme are registered pension schemes for the purposes of the Finance Act 2004.
[The Receiving Scheme and the Transferring Scheme have both formerly been contracted-out for the purposes of Part III of the Pension Schemes Act 1993. OR The Transferring Scheme was formerly contracted-out for the purposes of Part III of the Pension Schemes Act 1993, whereas the Receiving Scheme has never been contracted out for the purposes of that Act.]
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