Client feedback

“We chose PSGS because of the experience of the team and the feel of the relationship seemed the right fit.”
Paul Staniland,
Chair of Governance Committee, Kier Group Pension Trustees
“Very happy with PSGS as an organisation and that opinion is derived from the performance of those that represent them.”
Sean Hoyle,
Wightlink
“Professional and forthcoming with support.”
Martin Crees ,
Rabobank
“We have a good partnership the team really understand what we need and our knowledge eg budgets - "we don't have a referee" - very helpful. Challenge advisers but with a practical objective. Thanks to PSGS, GMP equalisation has been just a process. ”
Stephen Allaker ,
Bristol Myers-Squibb
“PSGS were overall more professional than others.”
Paul Staniland,
Kier
“When requesting information by email, I have noticed that there is 'out of hours activity' to answer me. I regard this as a stand out 'above and beyond' - impressed.”

Unwinding ineffective scheme amendments and managing significant hidden liabilities

Topic:

Legal & governance

Date published:

Thursday, 18 July 2013

This case study looks at a scheme PSIT was appointed to as independent trustee to assist with the Pension Protection Fund (PPF) assessment process.

Our review of the scheme documents highlighted some interesting issues, including inadequate segregation of defined benefit and defined contribution assets and uncertainty over whether scheme changes had been made effectively.

The outcome was that hundreds of scheme members were affected and the scheme's funding position significantly altered.

 

Download the case study

 

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