M&A Issues

TPR and the BHS pension schemes – (not quite) the last word…

Caroline Overton

The settlement agreement reached in relation to the BHS pension schemes, followed by the publication last week of the Pensions Regulator’s regulatory intervention report, may mark the end of the long-running, high-profile BHS pensions saga. This is therefore an appropriate moment to take a step back and consider what these milestones mean in practice. Read More

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Intra-group secondments and pension liabilities

Däna Burstow

Intra-group secondment arrangements could give rise to a liability to contribute to a deficit in a defined benefit pension scheme – that’s the (possibly surprising) conclusion of a recent Court of Appeal ruling. Read More

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Early retirement pension rights and TUPE – practical problems after Procter & Gamble

Robert Tellwright

What early retirement pension benefits does an employer need to provide when taking on employees on a business transfer?  And how should the employer provide them?  Last year the High Court confirmed that enhanced early retirement rights under occupational pension schemes can transfer with the member on a TUPE transfer (Procter & Gamble v SCA).  Read More

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Pensions auto-enrolment and TUPE: they don’t play well together

Ailsa Yiu

The wrinkles in the pensions automatic enrolment regime are gradually being ironed out.  But with less than six months to go until the first employers reach their compulsory staging date, there are problem areas the DWP has not addressed.  The interaction between auto-enrolment and TUPE is one of them: when auto-enrolled employees are transferred to Read More

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Beckmann and Martin pension rights – a recap

Rudi Pickup

So-called Beckmann and Martin pension rights are still a bit of a nuisance on transactions when a business is sold out from a company.  On the sale, the employees and their rights transfer under the TUPE regime.  Normally pension rights don’t get dragged along, but the Beckmann and Martin cases suggested that employees’ rights to Read More

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