UK - Including occupational pensions under TUPE for private sector transfers will create serious difficulties for employers, the Engineering Employers' Federation warns.
It said the move could even mean the closure of parts of businesses because employees would be unable to be transferred.
But the EEF welcomed the amendment of section 67 of the 1995 Pensions Act which makes it easier for companies to change scheme rules – a move which it claims will stop the tide of companies closing DB schemes.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).