Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Participating employer definition

What does Participating employer mean? In practice, a participating employer is one of several employers that takes part in a single multi‑employer occupational pension scheme by employing members and paying contributions under the scheme rules. The term is widely used in scheme documentation and regulatory guidance; UK pensions legislation more commonly defines “employer in relation to a scheme” and “statutory employer”, with “participating employer” used descriptively across contexts. Key legal features and significance: - Identified in the trust deed/rules or an admission/participation agreement, alongside (and sometimes distinct from) any principal employer. - Ongoing obligations to fund benefits, comply with scheme governance, and provide information to trustees and...

Share sales involving DB multi‑employer schemes: departicipation, section 75 debt options, statutory employer status, TPR criminal offences, clearance and notifiable events where the target is a participating employer

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Practice notes

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES

This Practice Note addresses the matters that purchasers and vendors need to assess carefully during a share sale when the target, or any of its subsidiaries, participates as an employer in a multi‑employer defined benefit (DB) scheme, rather than acting as the principal employer. References to the target company in this Practice Note are also to be read as including any such subsidiary. For discussion of the considerations where the target (or a subsidiary) is the principal employer of a multi‑employer DB scheme, see Practice Note: Pension issues in share sales—where target is principal employer of DB multi‑employer scheme...

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Web page updated on 21/05/2026

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