Further proposed changes to winding-up legislation


In an attempt to protect further the position of members whose defined benefit scheme is winding-up, the Government has published proposals to change the winding-up legislation. The main changes focus on raising the level of debt triggered on scheme wind-up to full buy-out in all cases. However, there are also new disclosure requirements for trustees where members seek a transfer payment from a scheme winding-up with a solvent employer.

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