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Introduction Generally, if a company exits an underfunded multi-employer DB scheme, its share of the deficit (if any) becomes a debt due to the trustees (the “employer debt”). To assist with the management of employer...
Introduction On 6 December 2011, the Government published the draft Finance Bill 2012. The Bill includes the changes to asset backed contributions1 announced in theAutumn Statement on 29 November 2011 as well as a number of other...
Introduction When doing due diligence on a transaction, lawyers tend to breathe a sigh of relief when they discover the target only has a DC pension scheme. This is because, in theory, in a DC scheme the employer should not be exposed to...
In a DC scheme there will generally be a range of investment funds for the member to choose from, including a default fund. Trustees must formally and regularly review the range and appropriateness of investment funds available. However,...
Introduction The Autumn Statement was delivered on 29 November 2011.1 Against the backdrop of the continuing economic crisis, the Chancellor, George Osborne, announced a number of measures aimed at maintaining economic stability and...
Introduction Significant changes to the levy framework and alterations to key aspects of the certification process for Type A contingent assets for the 2012/13 pension protection levy mean that planning ahead is vital. In this Alert: Key...
Introduction Having run out of time in the summer session, the Pensions Bill 2010-11 finally received Royal Assent today. The Pensions Act 2011 (the “Act”) brings into force several important changes, including the controversial...
