International Pension issues
Our Pensions & Employee Benefits team is helping an increasing number of international clients understand their UK pension responsibilities as a non-UK parent company.
Acquisitions of UK companies by non-UK companies continue to grow and pensions often play a large part in the due diligence process for many of these acquisitions – especially where the target company sponsors a UK defined benefit ‘final salary’ pension scheme.
As recent litigation shows, the UK Pensions Regulator considers its powers extend to non-UK holding companies. Our insight into this intricate area of law is crucial in helping non-UK entities evaluate their risks.
We have acted in cases involving non-UK parent companies in various jurisdictions including Norway, Sweden, USA, Switzerland and France – with considerable experience in situations where UK pension scheme deficits result in UK trustees seeking guarantees and/or security from non-UK holding companies.
If you are a non-UK resident individual, our Pensions & Employee Benefits team can help advise you on the tax efficient transfer of UK pension benefits to non-UK jurisdictions.
We also help offshore providers in establishing QROPS and QNUPS, ensuring compliance with UK tax requirements.
Contacts
News
News
Part 3: DC Schemes – Covid-19: Continuation of Employer and Employee Contributions
Many employers and employees alike are facing extreme financial difficulties in light of the COVID-19 pandemic. In the circumstances, it is understandable that employers might seek to make savings in… Read more →
News
Part 5 – Key Points for Defined Contribution Schemes – Investment Powers and Duties
Given the precipitous decline in value of many defined contribution members’ pension pots, the trustees of defined contribution schemes (“DC Schemes“) are particularly at the sharp end. Trustees of defined… Read more →