Employer debts in multi-employer pension schemes

Resource type: Practice note

Status: Maintained

Jurisdictions: England, Scotland, Wales

This practice note looks at the detail of the employer debt requirements as they have applied to multi-employer pension schemes since 6 April 2008 and comments on some key issues arising in practice. Among other areas, the note considers the current definition of an "employment-cessation event" and the circumstances in which an apportionment or withdrawal arrangement can be used by an employer that stops participating in a multi-employer scheme, as an alternative to paying a full employer debt.

Ian Greenstreet, Nabarro LLP

Register for free access

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail info@practicallaw.com.

A free trial will give you:

✔	Unlimited access to Practical Law online know-how
✔	Thousands of market standard documents and clauses
✔	Daily alerts and weekly update e-mails on key legal developments in your practice area
	Register

Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

Actions

Resource information

Show resource details Hide resource details

Resource ID: 7-382-6288
Products: PLC UK Pensions, PLC UK Public Sector
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

Ask a question

Related content

Related content

Topics

Employers and Occupational PensionsEmployers and Occupational Pensions (http://pensions.practicallaw.com/2-308-5967)
Winding-up and Insolvency: PensionsWinding-up and Insolvency: Pensions (http://pensions.practicallaw.com/5-205-7959)

Practice note: overview

Employer debt: a quick guide Employer debt: a quick guide (http://publicsector.practicallaw.com/topic4-522-5219)
Employer pension schemes: a quick guide Employer pension schemes: a quick guide (http://publicsector.practicallaw.com/topic6-382-8443)
Pension Protection Fund: overview Pension Protection Fund: overview (http://publicsector.practicallaw.com/topic7-205-4460)
Pensions: asset purchases Pensions: asset purchases (http://publicsector.practicallaw.com/topic1-107-3542)
Statutory debt on the employer: overview Statutory debt on the employer: overview (http://publicsector.practicallaw.com/topic3-203-4898)

Practice notes

Employer debt and regulated apportionment arrangements: what insolvency practitioners need to know Employer debt and regulated apportionment arrangements: what insolvency practitioners need to know (http://publicsector.practicallaw.com/topic7-501-5286)
Pension Protection Fund: entry requirements Pension Protection Fund: entry requirements (http://publicsector.practicallaw.com/topic6-242-2953)
Pensions Regulator powers: practical issues for company directors Pensions Regulator powers: practical issues for company directors (http://publicsector.practicallaw.com/topic8-386-6113)
Pensions Regulator: clearance applications Pensions Regulator: clearance applications (http://publicsector.practicallaw.com/topic2-205-5042)
Pensions Regulator: employer reporting requirements Pensions Regulator: employer reporting requirements (http://publicsector.practicallaw.com/topic8-205-3969)
Pensions Regulator: trustee reporting requirements Pensions Regulator: trustee reporting requirements (http://publicsector.practicallaw.com/topic5-204-1223)

Standard documents

Deed of amendment: flexible apportionment arrangements Deed of amendment: flexible apportionment arrangements (http://publicsector.practicallaw.com/topic0-519-1216)
Deed of amendment: scheme apportionment arrangement Deed of amendment: scheme apportionment arrangement (http://publicsector.practicallaw.com/topic2-422-1501)
Pension scheme trust deed and rules Pension scheme trust deed and rules (http://publicsector.practicallaw.com/topic1-501-5637)

Checklists

Employer debt requirements: options for multi-employer schemes: checklist Employer debt requirements: options for multi-employer schemes: checklist (http://publicsector.practicallaw.com/topic6-382-7189)
Group restructurings: employer debt easements: checklist Group restructurings: employer debt easements: checklist (http://publicsector.practicallaw.com/topic0-502-0738)

Glossary

Active member Active member (http://publicsector.practicallaw.com/topic5-107-6355)
Assessment period Assessment period (http://publicsector.practicallaw.com/topic5-205-4060)
Board for Actuarial Standards Board for Actuarial Standards (http://publicsector.practicallaw.com/topic4-207-5954)
Buyout Buyout (http://publicsector.practicallaw.com/topic8-206-2068)
Connected person Connected person (http://publicsector.practicallaw.com/topic9-107-5981)
Contribution notice Contribution notice (http://publicsector.practicallaw.com/topic8-201-5524)
Defined benefit (DB) pension scheme Defined benefit (DB) pension scheme (http://publicsector.practicallaw.com/topic0-107-7545)
Employer debt Employer debt (http://publicsector.practicallaw.com/topic0-206-2072)
Employment-cessation event Employment-cessation event (http://publicsector.practicallaw.com/topic4-502-1665)
Financial support direction (FSD) Financial support direction (FSD) (http://publicsector.practicallaw.com/topic5-201-5525)
Flexible apportionment arrangement Flexible apportionment arrangement (http://publicsector.practicallaw.com/topic0-524-0330)
HM Revenue & Customs (HMRC) HM Revenue & Customs (HMRC) (http://publicsector.practicallaw.com/topic6-200-6399)
Money purchase scheme Money purchase scheme (http://publicsector.practicallaw.com/topic0-107-6857)
Multi-employer scheme Multi-employer scheme (http://publicsector.practicallaw.com/topic3-206-1085)
Participating employer Participating employer (http://publicsector.practicallaw.com/topic6-206-1084)
Pension Protection Fund (PPF) Pension Protection Fund (PPF) (http://publicsector.practicallaw.com/topic7-205-4059)
Pensions Regulator Pensions Regulator (http://publicsector.practicallaw.com/topic9-201-5137)
Recovery plan Recovery plan (http://publicsector.practicallaw.com/topic9-206-1964)
Regulated apportionment arrangement Regulated apportionment arrangement (http://publicsector.practicallaw.com/topic7-524-0322)
Schedule of contributions Schedule of contributions (http://publicsector.practicallaw.com/topic1-206-2967)
Scheme apportionment arrangement Scheme apportionment arrangement (http://publicsector.practicallaw.com/topic4-523-4657)
Section 75 debt Section 75 debt (http://publicsector.practicallaw.com/topic0-382-0223)
Technical provisions Technical provisions (http://publicsector.practicallaw.com/topic1-206-1963)
Type-A event Type-A event (http://publicsector.practicallaw.com/topic8-382-7188)

Article

Pension schemes: contending with the credit crunch Pension schemes: contending with the credit crunch (http://publicsector.practicallaw.com/topic8-385-6802)

Legal update: archive

The employer debt amending regulations: what do they do? The employer debt amending regulations: what do they do? (http://publicsector.practicallaw.com/topic2-381-0671)

External resources

Pensions Regulator: clearance guidance (June 2009 version) Pensions Regulator: clearance guidance (June 2009 version) (http://publicsector.practicallaw.com/topic9-386-3350)
Pensions Regulator: Multi-employer schemes and employer departures (November 2010 version) Pensions Regulator: Multi-employer schemes and employer departures (November 2010 version) (http://publicsector.practicallaw.com/topic4-504-0249)
Pensions Regulator: multi-employer withdrawal arrangements guidance (April 2008 version) Pensions Regulator: multi-employer withdrawal arrangements guidance (April 2008 version) (http://publicsector.practicallaw.com/topic7-382-6306)
Pensions Regulator: Regulated apportionment arrangements (RAAs) and employer insolvency Pensions Regulator: Regulated apportionment arrangements (RAAs) and employer insolvency (http://publicsector.practicallaw.com/topic4-503-1481)

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243164739", "objName" : "Employer debts in multi-employer pension schemes", "userID" : "2", "objUrl" : "http://publicsector.practicallaw.com/cs/Satellite/7-382-6288?source=relatedcontent", "pageType" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-5c57fc84:13ede8431dc:-291d", "analyticsSessionCookie" : "2-5c57fc84:13ede8431dc:-291c", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }