Article: New Employer Debt Regulations, Revised Clearance Guidance And Changes To The Pensions Regulator's Powers.(United Kingdom. Pensions Act 1995)(Law overview)

The spring saw a burst of activity from the Pensions Regulator and Department of Work and Pensions. The long-awaited amendments to the Occupational Pension Schemes (Employer Debt) Regulations came into force on 6 April 2008. The Pensions Regulator has issued revised clearance guidance following the consultation which took place last September. Finally, the Department of Work and Pensions began consulting on changes to the Regulator's powers to issue contribution notices and financial support directions.

All of these changes will have an impact on corporate transactions or reorganisations where there is a defined benefit scheme in place.

Employer Debt ...

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