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Written question asked by Baroness Altmann (Conservative) on Tuesday, 13 December 2016, in the House of Lords. It was due for an answer on Thursday, 29 December 2016. It was answered by Lord Freud (Conservative) on Tuesday, 20 December 2016 on behalf of the Department for Work and Pensions.


Workplace Pensions

Question

To ask Her Majesty’s Government whether they are proposing to change rules relating to debts under section 75 of the Pensions Act 1995 to protect unincorporated employers from being made bankrupt as a result of debts calculated on a section 75 basis in non-associated multi-employer pension schemes which relate to other employers who have already left the scheme; and if so, how.

Answer

Following a Call for Evidence last year we are exploring alternative methods to help employers in multi-employer schemes manage section 75 employer debts.


Secondary information

Type
Written question
Reference
HL4052
Session
2016-17
Subjects
Debts Insolvency Workplace pensions Pension funds
Legislation
Pensions Act 1995
Link
View this Written question on www.parliament.uk