B
barney
Member
hi all.
for M&A, when a bulk transfer is calculated at the completion date, using the variant approach i.e. bulk transfer is calculated in respect of actual transferees only, who bears the risk that salary increases will be higher than expected?
For transferees, i would assume this is the Purchaser, because the bulk transfer was calculated in respect of the transferees at the completion date, using the members' salaries at the completion date, so the salary increases they've been granted during the participation period are irrelevant.
what about those who don't transfer out after all, and are subsequently deducted from the bulk transfer payment? what actually happens here? if they don't transfer out, at what point do they become deferred members of the vendor's scheme? who bears the risk of high salary increases after the completion date?
thanks in advance.
for M&A, when a bulk transfer is calculated at the completion date, using the variant approach i.e. bulk transfer is calculated in respect of actual transferees only, who bears the risk that salary increases will be higher than expected?
For transferees, i would assume this is the Purchaser, because the bulk transfer was calculated in respect of the transferees at the completion date, using the members' salaries at the completion date, so the salary increases they've been granted during the participation period are irrelevant.
what about those who don't transfer out after all, and are subsequently deducted from the bulk transfer payment? what actually happens here? if they don't transfer out, at what point do they become deferred members of the vendor's scheme? who bears the risk of high salary increases after the completion date?
thanks in advance.