Statutory pension

Private pension system - in which the employees are automatically enrolled.

Company pension plans - this can be established by the companies for their employees.

It is important to identify early on whether there is a company pension plan associated with an in-scope entity as the plan can impact deal timings, purchase price and corporate reorganization steps, including any cash repatriation elements. This will also be key to avoid inadvertently triggering any pension debts or weakening the employer covenant supporting the plan which could require mitigation.