The following Pensions precedent Produced in partnership with Wyn Derbyshire of gunnercooke LLP provides comprehensive and up to date legal information covering:
Note: the term ‘Company’ means the target company in connection with the proposed purchase of the entire issued share capital of this company.
all pension schemes (including those registered under the Finance Act 2004 or to be registered or any unregistered schemes) to which the Company is currently contributing or has previously contributed (or would be contributing but for a contributions holiday) or otherwise currently participates in or formerly participated in, and
all life assurance schemes or other such protection schemes (whether registered under the Finance Act 2004 or otherwise)
In relation to each pension scheme or life assurance scheme or other such protection scheme of the Company (including those registered under the Finance Act 2004 or otherwise) (each being a ‘Scheme’ please provide:
copies of all governing documentation, including copies of the trust deed and rules and other relevant documents, whether issued by the trustees of the Scheme or otherwise (such as explanatory booklets, announcements or other communications etc)
a list of all existing members of the Scheme (including those employees in a waiting period) including the name, sex, date of birth, date of joining the Scheme and current salary and pensionable salary of each member and details of whether they are, or have been, part-time employees
a list of any employees of the Company who are not members of
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