Addleshaw Goddard

UK 200 2014 position: 22

New Fair Deal published

This week the government published Fair Deal for Staff Pensions: staff transfer from central government, which replaces Fair Deal guidance last updated in 2004.

The Fair Deal sets out principles that should be adhered to for pension arrangements for employees who are compulsorily transferred out of the public sector. Although new Fair Deal purports to have immediate effect, in practice there is likely to be a transitional period during which Fair Deal 2004 continues to apply since much of the detail of how this guidance will be catered for by the various public sector pension schemes has yet to be produced…

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