Employer debts and multi-employer hybrid schemes


The recent Pitmans case shed some judicial light on the rarely litigated area of section 75 of the Pensions Act 1995. The action by the trustees to recover a debt from the (last remaining) employer concerned the winding up of the BETEC Retirement Benefits Plan. Whilst the trustees were temporarily unsuccessful in recovering the debt (for technical reasons), the case’s overall importance for multi-employer and hybrid schemes cannot be ignored.

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