Pensions Priorities: other developments — Regulator issues warning regarding employer contributions under DB scheme’s recovery plan

Download document:

Pensions Priorities: other developments — the Pensions Regulator issues a warning that employer contributions under a defined-benefit pension scheme’s recovery plan cannot be considered as payments towards any section 75 debt that arises when that employe - .PDF file.

When an employer leaves a defined-benefit (DB) pension scheme, it may be required to pay a debt under section 75 of the Pensions Act 1995. That debt is generally treated separately from any amounts that the employer is required to pay under any recovery plan in place to make up a deficit in the pension scheme…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.