Client feedback

“I work with Wayne and Kirsty. They really understand our business - they work with the company while retaining independence and ensuring compliance. They are a joy and pleasure to work with. ”

Neil McCawley ,

Ferguson plc

“Good, helpful guidance.”

Christine Morris,

Twyford Bathrooms

“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

“Keen to assist and helpful.”

“The trustee training course lecturers' explanations and willingness to answer questions were most valuable - even silly ones - although I have learnt there are no 'silly questions' that trustees should ask.”

Anonymous

“Stuart is a very experienced and good leader and certainly has met expectations.”

Christopher MacFarlane ,

Bristow Group

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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