Who Is Your Statutory Employer?

The Pensions Regulator has issued Guidance to trustees of defined benefit pension schemes reminding them of the importance of identifying their statutory employers.

The Guidance, entitled "Identifying your statutory employer" reminds trustees that certain employers, who may be the scheme's sponsoring employer, or even an employer with an ongoing funding obligation, may not be the statutory employer for the purposes of PPF entry or Section 75 debts. The guidance reminds trustees that from November 2011 they will be under a legal obligation to notify the Regulator of the identity of all their scheme's statutory employers. This will therefore require trustees to have investigated their own scheme and to have taken legal advice where necessary.