Where one or more members of staff are transferred under the TUPE (Transfer of Undertakings Protected Earnings) Regulations, guidance in the form “Fair Deal” applies to all public sector organisations with regards to the protection of staff pension. On 4 October 2013, HM Treasury published new guidance setting out a reformed new Fair Deal policy. Fair Deal applies under statute for “Best Value Authorities” in respect of Local Government employees that incorporate certain maintained schools, including academies.
These documents set out the policy of the London Borough of Redbridge Pension Fund in relation to the granting of Admitted Body Status. The responsibility for ensuring compliance with this policy rests with the awarding employer and the failure to comply with the policy could result in delays and impact on transferring employees’ entitlements.