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Hogan Lovells

Essential pension issues for companies and businesses

13 September 2016

Pension issues in company transactions can be complex, particularly when a final salary (defined benefit) scheme is involved. Buyers of companies have always had to investigate a target company's pension provision as part of their due diligence, particularly in recent times when poor investment returns have adversely affected funding. But pensions are an issue not only for the buyer but also for the seller and the financiers. The powers and compliance obligations of the Pensions Regulator, as well as the fact that one of the key players, the pension scheme trustee, is not usually a party to the transaction, add to the complexities.

This note outlines the essentials of pension provision in the UK, the main issues for defined benefit schemes and the key areas to consider on a share sale or business acquisition.

Please click here to read the full briefing note.


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