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Family Businesses with Legacy Pension Schemes

September 2016

Adam Carruthers writes for Family Business United about what family businesses with Defined Benefit pension schemes can learn from BHS.

 

Events during 2016 highlight the significant impact that pension deficits relating to 'defined benefit' pensions schemes (also known as 'DB' or 'final salary' schemes) can have on businesses, employees, scheme members and pensioners. 

The high-profile collapse of BHS, leaving its DB pension schemes with a combined estimated deficit of £571 million, raises difficult questions about responsibilities for funding schemes and protecting members.  Meanwhile, a deal to rescue the operations of Tata Steel UK appears to hinge on proposals to reduce benefits under the British Steel Pension Scheme.

What can family businesses learn from these cases? Read more in Adam Carruthers' article for Family Business United here

 

18 Mar 2019

Schools and the provision of affordable housing

Assessing the implications of an absence of affordable housing for teachers, and considering how schools' surplus land could provide solutions.

15 Mar 2019

Can a failure to provide rest breaks under Working Time Regulations lead to personal injury damages?

Employers who refuse rest breaks may be liable for personal injury caused by the lack of breaks

12 Mar 2019

Teacher's suspension was not in breach of contract

Court of Appeal: employer had reasonable and proper cause to suspend pending investigation of allegations of unreasonable force against children