Occupational Pensions

Department for Work and Pensions written question – answered on 8th March 2018.

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Photo of John Mann John Mann Chair, Treasury Sub-Committee

To ask the Secretary of State for Work and Pensions, what steps her Department is taking to minimise the extent of liabilities imposed on small business owners by the operation of section 75 of the Pensions Act 1995.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

Following a Call for Evidence on Section 75 Employer Debt in Non-Associated Multi-Employer Defined Benefit Pension Schemes we are introducing a deferred debt arrangement in April that will help small employers in managing an employer debt. On 26 February we published a response to the consultation on the draft Occupational Pension Schemes Regulations 2017 together with a final version of the regulations.

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