Deed of apportionment of liability—Scheme apportionment
Deed of apportionment of liability—Scheme apportionment

The following Pensions guidance note provides comprehensive and up to date legal information covering:

  • Deed of apportionment of liability—Scheme apportionment
  • Parties
  • Background:
  • The AppendixActuarial certificate

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. 1

    [insert full company name] registered in England and Wales with company number [insert number] and having its registered office at [insert registered company address] (the “Receiving Employer”); and

  1. 2

    [[insert full name of company] registered in England and Wales with company number [insert number] and having its registered office at [insert registered company address] OR [insert individual name(s)] of [insert individual address(es)]] (the “Trustees”).

Background:

    1. (A)

      [Insert full name of scheme] (the “Scheme”) was established by an [interim OR definitive] deed dated [insert date].

    2. (B)

      The Scheme is currently governed by a trust deed dated [insert date], as amended by the deeds executed after it[, details of which are set out in Schedule [insert] to this Deed] (the “Trust Deed”). The rules of the Scheme (the “Rules”) are set out in Appendix [insert] to the Trust Deed.

    3. (C)

      The Trustees are the present trustees of the Scheme.

    4. (D)

      [Insert name of cessation employer] (the “Cessation Employer”) and the Receiving Employer are participating employers in the Scheme.

    5. (E)

      [Set out brief background as to