Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update
The Pensions Regulator Publishes Guidance On Abandonment
The Pensions Regulator (the Regulator) has published its final guidance for trustees on how to deal with proposals involving the abandonment of a defined benefit pension scheme. The guidance includes responses to a consultation conducted by the Regulator earlier this year.
The key issues the trustees must understand are the changes to the employer covenant and the potential impact on the pension scheme where the link with an employer of substance is removed. The Regulator has reiterated that in cases where there is an employer of substance abandonment is unlikely to be in the members' best...
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Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update
The Pensions Regulator Publishes Guidance On Abandonment
The Pensions Regulator (the Regulator) has published its final guidance for trustees on how to deal with proposals involving the abandonment of a defined benefit pension scheme. The guidance includes responses to a consultation conducted by the Regulator earlier this year.
The key issues the trustees must understand are the changes to the employer covenant and the potential impact on the pension scheme where the link with an employer of substance is removed. The Regulator has reiterated that in cases where there is an employer of substance abandonment is unlikely to be in the members' best...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
