Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Defined contribution definition

What does Defined contribution mean? Defined contribution describes pension benefits determined by the value of an individual pot built from contributions paid by, or on behalf of, the member and investment returns, rather than a salary/service formula. In UK legislation these benefits are called money purchase benefits; “defined contribution scheme” is a widely used descriptive label for schemes providing only money purchase benefits. In Ireland, defined contribution is the statutory term under the Pensions Act 1990. DC arrangements are commonly used for auto-enrolment. Key legal features and significance: - Investment and longevity risk sit with the member; outcomes depend on pot size, market conditions,...

Share sales: DC occupational schemes, personal pensions and SSAS—due diligence, auto-enrolment, trustee changes, departicipation deeds, and share purchase agreement warranties and indemnities

Published by a LexisNexis Pensions expert

Practice notes

THIS PRACTICE NOTE APPLIES IN RELATION TO Defined contribution OCCUPATIONAL PENSION SCHEMES

This Practice Note sets out the issues a buyer and a seller are required to consider, in the context of a share sale, where the target company, or one of its subsidiaries:

is the sole employer under a defined contribution (DC) occupational pension scheme
is the Principal employer of a multi-employer DC occupational pension scheme
is a Participating employer (but not the principal employer) in a multi-employer DC occupational pension scheme
has Personal pension arrangements in place
is the principal employer of a small self-administered scheme (SSAS)

In this Practice Note, references to the target company are to be read as including any such subsidiary...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...