Client feedback


In any major corporate transaction, time is of the essence. PSGS's pragmatic commercial approach helped us manage the pensions aspects of our group re-structure to ensure a positive outcome for all parties.
David Wilman,
CFO at Survitec Group
PSGS have provided sound and professional advice through a number of difficult pension decisions – would thoroughly recommend.
George Batho ,
HR Director, Linde Material Handling
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
Fiona brings perspective from other schemes and therefore a wider knowledge.
PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.
Mark Atkinson,
Partner at CMS Cameron McKenna

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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