Nicola Bumpus Senior Associate and Matthew Rowbotham Associate Pinsent Masons LLP look at pensions issues for M&A activity in the current climate
Where a company sale is on the cards the proposed buyer will need to investigate that company's pension provision as part of its due diligence. There are usually few problems if the company operates a money purchase stakeholder or personal pension scheme. However if it participates in a registered occupational final salary pension scheme the position is often more complicated.
Section 75 Debt
Where an employer ceases to participate in an underfunded final salary occupational pension scheme Pensions Act 1995 s 75 imposes a statutory debt ...
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Nicola Bumpus Senior Associate and Matthew Rowbotham Associate Pinsent Masons LLP look at pensions issues for M&A activity in the current climate
Where a company sale is on the cards the proposed buyer will need to investigate that company's pension provision as part of its due diligence. There are usually few problems if the company operates a money purchase stakeholder or personal pension scheme. However if it participates in a registered occupational final salary pension scheme the position is often more complicated.
Section 75 Debt
Where an employer ceases to participate in an underfunded final salary occupational pension scheme Pensions Act 1995 s 75 imposes a statutory debt ...
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:
