The number of active Defined Benefit (DB) pension schemes has fallen considerably in recent years. Unfortunately, many DB schemes have wound up and are no longer in existence.
A pension scheme wind up is a very important piece of work and an onerous task for trustees. Mistakes or omissions are very difficult to rectify once funds have been distributed. Wind ups can also result in much anxiety and worry for the membership and it is important the clear and early communication plan is adopted.
How we can help
We have significant experience in this area and can add real value for members in managing the wind up process. This would involve the appointment of a senior and experienced team to manage the actuarial and consulting role and project manage the wind up. We would also assist with any final negotiations on contribution payment, leveraging on our significant experience of this area.
How we can help
Our advice isn’t out-of-the-box; we take an individualised approach to each client to make sure you achieve your unique goals.
When it comes to transferring your pension risk to an insurance company you only get one chance to get it right.
We provide actuarial, investment and consulting services for defined benefit (DB) pension schemes of all sizes, including retirement planning, funding and risk management strategies.
Defined contribution (DC) schemes are a significant investment, so it’s important to make sure that you get the best value out of your scheme and ensure the best possible outcomes for your members.
Corporate change can often occur unexpectedly or quickly. 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.
Want more information?
If you would like to know more about our services and how we can help you with pensions get in touch.Contact us