PSI21.2.26 - Centralised Schemes: Associated Employers - Joint Enterprises

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

[PN21.7]

A company or partnership formed as a joint enterprise by two or more parent companies may participate in a centralised scheme established by one of those parents even though that parent has less than a 50% interest in it. In these circumstances the general principles set out in PSI21.2.7- 8 and PSI21.2.13apply so far as benefits and funding are concerned.

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