Alastair Meeks of Pinsent Masons, the law firm behind Out-Law.com, was commenting as the Pensions Regulator revealed that it had only approved 24 such arrangements, almost eight years after the mechanism was set out in law. An RAA can be used to transfer an employer’s pension liabilities to the Pension Protection Fund (PPF), but only in extremely limited circumstances.
“Some corporate advisers tout Regulated Apportionment Arrangements as a magic bullet for solvent restructurings but employers and trustees need to be aware that getting one is like threading a needle, with very exacting requirements that need to be met,” said Meeks, a pensions expert at Pinsent Masons.
“These arrangements attract disproportionate hype, perhaps be…
Read the full article at: http://www.out-law.com/en/articles/2016/march/regulated-apportionment-arrangements-no-magic-bullet-for-struggling-schemes-says-expert/
