Principal employer

Resource type: Glossary item

Status: Maintained

Jurisdiction: United Kingdom

Occupational pension schemes (www.practicallaw.com/8-107-6900) must identify one of the participating employers (www.practicallaw.com/6-206-1084) as the principal employer. It is usually the employer establishing the scheme or the parent company in a multi-employer scheme (www.practicallaw.com/3-206-1085). The scheme’s principal employer will have special powers and duties under the scheme’s rules, for example, it may have power to agree amendments to the scheme or trigger a winding-up of the scheme.

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Resource ID: 4-201-6479
Products: IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Practice note

Multi-employer pension schemes Multi-employer pension schemes (http://uk.practicallaw.com/topic4-206-0962)

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