44 Meaning of “service company” and “insufficiently resourced”
Pensions Act 2004 (2004 c 35) | Legislation

44  Meaning of “service company” and “insufficiently resourced”

(1)     This section applies for the purposes of section 43 (financial support directions).

(2)     An employer (“E”) is a “service company” at the relevant time if—

(a)     E is a company [as defined in section 1(1) of the Companies Act 2006],

(b)     E is a member of a group of companies, and

(c)     E's turnover, as shown in the latest available [individual accounts] for E prepared in accordance with [Part 15 of that Act], is solely or principally derived from amounts charged for the provision of the services of employees of E to other members of that group.

(3)     The employer in relation

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