Overview

A review of some of the latest developments in the UK pensions sector from Mayer Brown. This edition includes a closer look at two new relaxations of the employer debt legislation that have recently come into force. These mean that a debt may not be triggered where:

- employees move between two associated employers on an intra-group restructuring;

- the transferred liabilities account for less than 3% of the scheme’s total liabilities and the scheme is fully funded on the PPF basis.

Trustees and employers should consider the new relaxations where s75 debts are triggered in the future.

Please click “view briefing” to read more about this.