The new Fair Deal: pensions requirements on public sector outsourcing
Public sector workers who are compulsorily transferred to an independent provider of public services will in future be able to retain access to their current public sector pension arrangements, the government has announced. Allen & Overy looks at the new policy and its implications for employers tendering for contracts to provide public services.
The new Fair Deal policy makes sweeping changes, allowing participation by non-public sector employers in some public sector schemes for the first time. It applies to central government departments, agencies, the NHS, maintained schools (including academies) and any other parts of the public sector under the control of government ministers where staff are eligible to be members of a public service pension scheme.
At the moment, participation by private sector employers is generally only possible in the Local Government Pension Scheme (LGPS) (although there are some limited exceptions in the NHS Pension Scheme and the Teachers’ Pension Scheme)…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
A new Luxembourg act on the immobilisation of bearer shares and units was published in the Luxembourg Official Gazette on 14 August 2014.
OFAC has issued revised guidance relating to the status of entities owned by individuals or entities whose interests in property are blocked under executive orders.
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.