Deed of apportionment of liability—Scheme apportionment
Produced in partnership with Blake Morgan LLP
Deed of apportionment of liability—Scheme apportionment

The following Pensions precedent Produced in partnership with Blake Morgan LLP provides comprehensive and up to date legal information covering:

  • Deed of apportionment of liability—Scheme apportionment

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].

    1. (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.

    1. (C)

      The Trustees are the present trustees of the Scheme.

    1. (D)

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

    1. (E)

      [Set out brief background as to the circumstances in which the cessation employer no longer employs/will no longer employ any active members of the scheme]. As a result, the Cessation Employer [has ceased OR will cease] to employ any active members of the Scheme which [would trigger OR

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