The Pension Schemes Act 2021 significantly widened The Pensions Regulator’s (TPR’s) powers. Anyone carrying out corporate activity or lending transactions should be aware of the impact their deals may have on any related pension schemes – particularly if there are defined benefit (DB) schemes.
Our checklist covers the types of questions that may arise on corporate deals and lending transactions such as considering:
- the basic position;
- managing potential for conflicts of interest; and
- regulatory powers.
Our leading team of Pensions legal and regulatory lawyers is ideally placed to assist both trustees and pension scheme sponsors. We work closely with our Corporate, Funds, and Banking and Finance colleagues and have significant experience of complex, high-value restructurings in both solvent and insolvent/distressed scenarios. If you have any questions in relation to this article, please contact the Chris Brown or our Pensions team.