Deferred Debt Arrangement—Deed
Deferred Debt Arrangement—Deed

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

  • Deferred Debt Arrangement—Deed
  • Parties:
  • Background
  • The Schedule [Details of amending Deeds

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. 1

    [] a limited company incorporated and existing under the laws of England and Wales (registered in England and Wales No. []) whose registered office is at [] (Deferred Employer); and

  1. 2

    [] a limited company incorporated and existing under the laws of England and Wales (registered in England and Wales No. []) whose registered office is at [] (Trustees).

Background

  1. (A)

    [] (Scheme) was established by a[n] [interim OR definitive] trust deed dated [].

  2. (B)

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

  3. (C)

    The Trustees are the present trustees of the Scheme.

  4. (D)

    The Deferred Employer is a participating employer in the Scheme.

  5. (E)

    [Set out brief background as to the circumstances in which the Deferred Employer no longer employs any active members of the scheme or has entered a period