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.

United Kingdom, Laws, regulations and rules, Pensions

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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.

Acquisitions Analysis-Accounting, Acquisitions and mergers, Accounting

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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.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Banks (Finance), Contracts, Cinven Ltd., BZW Private Equity

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