Pension Schemes Act 2021 – An Educated Guess on its Impact for Corporate Insolvency Practice

This paper looks at the impact of the changes introduced by the Pension Schemes Act 2021 on corporate insolvency practice, particularly in light of the reforms introduced by the Corporate Insolvency and Governance Act 2020. It shows that the lack of coordination in the rationales and objectives underpinning the two statutory instruments is likely to give rise to implementation problems and result in conflicting guidance to directors, lenders and – to a lesser extent – insolvency practitioners.