M
Member
Speaking in the House of Lords on 19 January 2026
Debate
Pension Schemes BillContribution
If there was a legal way of creating a preferential creditor in the circumstances envisaged in Amendment 45A, that could then have a negative impact on the employer. The potential of such a preferential creditor emerging would have to be disclosed in the accounts of the employer, probably as a contingent liability. That is clearly no problem if the employer is in robust financial health.
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