Corporate change can often occur quickly or unexpectedly.

For those sponsoring or managing pension schemes, the implications can be significant. DB pension liabilities and future DC pension arrangements, along with associated employee benefits, are a key consideration in any commercial transaction today.

How we help trustees

If the sponsor of your DB scheme is going through significant change, trustees have a responsibility to act to protect the security of members’ benefits. We work with trustee boards well in advance of any corporate change taking place to ensure that they consider what impact changes could have on their scheme, and in particular on the employer’s covenant.

When change takes place, we help our clients to consider the detailed implications for the covenant and the members and work with them to find the best ways to protect members’ benefits. Timescales are often tight and our experienced teams are used to analysing the situation and producing robust, pragmatic and actionable advice quickly when required. We then help trustees in negotiating with the employer (and other parties who may be involved) and implementing any solutions.

Over my years of interacting with LCP, I’ve always being impressed by their Professional and Customer Service. No query, irrespective of its complexity, is ever a burden to answer in a language that one can understand.