Opra Update 10 – guidance on avoiding pension liabilities


Opra (the Occupational Pensions Regulatory Authority) has published a new update on “avoiding pension liabilities – implications of the Pensions Act 2004”. Update 10 is primarily aimed at sponsoring employers and trustees of defined benefit (DB) schemes. But it is especially important for anyone considering compromising a scheme debt and for all parties involved in corporate transactions (and restructurings). The underlying theme is avoiding the risk that statutory debts can pose to members and the Pension Protection Fund (PPF), with the focus on particular actions (or inactions) which may heighten such risk.

Download PDF