Legal & governance
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.
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