On 17 September the DWP published a consultation paper (attaching draft regulations) in which it proposes that certain corporate restructurings will not trigger an employer debt under section 75 of the Pensions Act 1995. Following on from amendments introduced by regulations in 2008, the draft regulations also make some technical amendments to the employer debt regime, which are intended to ease its operation in practice.
Section 75: a reminder
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United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Herbert Smith Freehills LLP, Debt, Liability (financial accounting), Easement, Defined benefit pension plan, Buyout, Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), The Pensions Regulator, DWP, Trustee
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