Question
To ask the Secretary of State for Work and Pensions, how many partnerships have been adversely affected by section 75 employer debt in pension funds; how many such partnerships have been (a) converted to limited liability and (b) declared insolvent; and what advice his Department has provided to partnerships facing potential section 75 employer debts.
Answered on
7 September 2016
We do not have any information about numbers of employers who may be liable for a section 75 debt. This is a matter between the employer and the scheme.
The Department does not provide advice to any employers about potential section 75 debts. The Pensions Regulator provides a range of information and guidance on all matters related to pensions scheme funding. However, employers or former employers should take their own professional and legal advice about their liabilities.