What is the minimum funding requirement?
Article Abstract:
Issues around pension schemes are likely to become a more important factor in mergers and acquisitions, within the UK, due to the introduction of the minimum funding requirement (MFR). The MFR calls for a three year examination of pension funds to ensure the funds remain 100% funded. In the majority of mergers and acquisitions the buyer will transfer new employees into their own pension scheme but management buy-ins may acquire the current pension scheme. It is therefore vital they ensure the MFR is fully funded as they will be liable to make up any deficit.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Plotting a way out of the pensions maze
Article Abstract:
There are a number of complex pensions issues that can be involved in merger and acquisition deals. Most pension schemes have at least attempted to equalize pension benefits as a result of European court findings, but there is no certainty that they have actually managed to do so. Where a purchaser takes over a scheme with unequalized benefits, or accepts a transfer calculated on the basis of unequal benefits, substantial liabilities can be incurred. It will also be necessary to address the issue of pensions for part-time employees.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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BZWPE gears up for growth... and the Barclays pension fund?
Article Abstract:
It is rumoured that BZW Private Equity (BZWPE) may assume management of the Barclays group pension fund venture capital portfolio. The portfolio is currently managed by Cinven, which has launched a fund-raising campaign in the US, rumoured to be in preparation for the eventuality of it losing the Barclays deal. BZWPE has also announced a change in UK managing director and divisional managing director.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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