CPD: Norton Rose Fulbright partner Shane O’Reilly and senior knowledge lawyer Julia Chirnside detail the changes proposed by government to the normal minimum pension age, while urging trustees to start looking at the potential implications stemming from the new rules as soon as possible.
Please RAA-lease me
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November 14, 2016
From the blog: Companies in distress often face unserviceable defined benefit liabilities.
Normally a statutory employer debt will be triggered, which the company might be unable to pay – and the scheme will fall into the Pension Protection Fund.
However, a (deliberately) rarely used alternative exists – the regulated apportionment arrangement.
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