Training

Online anti-avoidance and clearance product

This product is currently being updated to reflect the revised clearance guidance published by the Pensions Regulator in March 2008. In the meantime, if you need further information about anti-avoidance and clearance please speak to your usual pensions advisor email your query to hrgroup@eversheds.com

Navigating the maze

The Pensions Regulator has very significant powers (known as its 'anti-avoidance powers') to make a company (and even its directors) liable for funding the defined benefit pension schemes of its associated companies. It could use these powers to require the recipient to pay (or guarantee the payment of) very material sums to the relevant pension scheme.

Given the risks of having the anti-avoidance powers exercised against someone, many people are seeking clearance for almost every act. This however can be very expensive and time consuming.

Eversheds has therefore created a plain English, online interactive guide which will help you understand if you are at risk in relation to the anti-avoidance powers, and accordingly whether you should consider seeking clearance for a given action. Using a unique and intuitive approach, it guides you through the matters you should consider in relation to various types of corporate activity and suggests options for what to do if you decide not to seek clearance.

View online demonstration

For more information on this product and to see how it can help you, please contact your client partner or complete the form below.