PSI21.2.5 - Centralised Schemes: Associated Employers - Withdrawals and Temporary Participation

(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)

[PN21.6 &21.14(f)]

The rules must provide for an employer to withdraw from the scheme when its association with the other participants is no longer close enough or it goes out of business. In such cases the part of the scheme which relates to the employees of the departing employer should usually be segregated and dealt with in accordance with the winding-up rule.

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