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Mergers and Acquisitions
One of the most financially significant aspects of a corporate transaction is often an associated defined benefit (DB) pension scheme deficit. The complexity of the issues involved and the potential for expensive mistakes make it crucial for the purchaser and vendor to take specialist independent pensions advice.
The Pensions Regulator (the Regulator) and scheme trustees now play a much more significant role in the negotiations surrounding a deal. Pre-agreeing a package of additional funding or security with them to ensure that the scheme’s security position is not detrimentally affected may be required. It is therefore vital for advice to be sought at an early stage to identify and resolve any pension scheme issues that could otherwise
delay or change the terms of the deal or, in the worst case scenario, lead to a penal fine or support notice being imposed by the Regulator.
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Related DocumentsMergers and Acquisitions (136.69 KB, .pdf)