Early retirement TUPE ruling will complicate M&As - Mercer

clock

A recent ruling classing early retirement benefits as the responsibility of the acquiring company in an asset deal will add "cost and uncertainty" to mergers and acquisitions, Mercer says.

Last month a high court judge ruled in the case Proctor & Gamble vs Svenska Cellulosa Aktiebolaget that the transferee in an acquisition - the company acquiring a business - is responsible for earl...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

£6.1bn Devon Pension Fund to join LPPI pool

£6.1bn Devon Pension Fund to join LPPI pool

Move follows reform process which will see eight LGPS pools consolidate to six

Jonathan Stapleton
clock 24 September 2025 • 1 min read
PPF confirms levy will be cut to zero

PPF confirms levy will be cut to zero

Move follows Pension Schemes Bill and will save schemes £45m in 2025/26

Jonathan Stapleton
clock 23 September 2025 • 6 min read
Liz Woodyard: Four decades in investment management

Liz Woodyard: Four decades in investment management

The Avon Pension Fund investment manager looks back on her career

Jonathan Stapleton
clock 22 September 2025 • 6 min read
Trustpilot