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Part V Directors’ Particular Functions and Duties, 29 Pension Schemes

Henry Legge KC, Thomas Robinson

From: Company Directors: Duties, Liabilities, and Remedies (4th Edition)

Edited By: Mark Arnold KC, Simon Mortimore KC

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 23 July 2024

Subject(s):
Conduct of business regulation — Occupational pension funds — Regulators

This chapter provides an overview of pension schemes. It looks into the nature of the liability of employers under a defined benefit scheme in line with the establishment of the Pensions Act 2004. If the employer is unable to meet its liabilities to the scheme, the deficit could mean that the members of the scheme might not receive the benefits to which they are entitled under the scheme. The Pensions Act 2004 imposes an obligation on corporate trustees to ensure that each individual exercising any function of the company as trustee of the scheme is conversant. The chapter cites the powers of the regulator and its impact on directors.

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