Transaction targets with no defined benefit scheme? Can corporate lawyers stop worrying about pensions? Unfortunately, not. Some corporate lawyers are tempted to let out a sigh of relief when told that the target company on an acquisition does not operate a defined benefit pension scheme. The assumption is that all the risk and complexity surrounding […]
As 2018 draws to a close we take a look back at the changes to UK Pensions this year. […]
Background Section 75 and 75A Pensions Act 1995, as amended by Employer Debt Regulations, provides that an annuity buy-out debt is triggered on an employer of a defined benefit scheme in certain circumstances. These include: Where the employer triggers a winding up of the scheme The employer becomes insolvent Where the employer leaves a multi-employer […]
Read More… from Section 75 Pensions Act 1995 and the New Deferred Debt Arrangements
On 18 May 2016 the Queen announced the introduction of the Pension Bill 2016. In this article we provide an overview of the main points of the new Bill that employers should be aware of. […]
Read More… from The new Pension Bill: Highlights in 5 minutes
On 30 June 2012, key provisions of the Pensions Act 2008 and Pensions Act 2011 came into force requiring all UK employers to enrol eligible jobholders automatically in a pension scheme. […]
Read More… from Auto-enrolment update – new employer pension duties come into force