John Mann – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by John Mann on 2016-09-02.

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.

Richard Harrington

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.