Does a company you own, or one you plan to buy or sell have a UK defined pension plan? If so, beware: the 2004 UK Pensions Act--designed to increase protection for pension plan participants due to escalating pension deficits--is having a major impact on the viability and pricing of transactions, as well as on required cash contributions to defined benefits plans.
This issue of TS Insights highlights what has changed, and the actions US companies subject to the new law need to take.
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