Client feedback

“Back in the day there was a large trustee board, with several independents (from the financial world) and the ex-Chairman of the company was offered the role as Chair of Trustees as a sweetener when he stepped down. Unionised company then divided - broad range of active members. They needed some expertise, consistency and leadership during this time. Wanted a serious/professional to lead and guide the trustees. ”

Dave Benstead ,

Diodes Zetex

“They deliver above expectation when the scheme has a particular challenge.”

Ian Edwards,

Comet

“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

“Ann and her team are very knowledgeable and proactive, liaise well with our other advisers and provide the Trustees with an invaluable secretarial service.”

Ian Edwards,

Chair of Trustees, Comet

“Keen to assist and helpful.”

“Fiona brings perspective from other schemes and therefore a wider knowledge.”

Dealing with distress: help for pension scheme sponsors & trustees

Topic:

Legal & governance

Date published:

Wednesday, 20 May 2020

With many new challenges to face thanks to the Covid-19 pandemic, it’s easy to think an employer’s defined benefit (DB) pension scheme would fall a long way down the list. The reality is, pension decisions and actions taken now could make a real difference to a business’ chance of survival.

To coincide with our appointment to the Pension Protection Fund’s (PPF) new restructuring and pre-insolvency services panel, our new briefing note - Dealing with distress: help for pension scheme sponsors & trustees - summarises some of the key considerations and options for DB pension schemes with a sponsor in financial difficulty.

PSGS has been assisting employers and pension trustee boards in stressed situations for years. Sharing our experience, we can help find solutions at every stage of the distressed pension scheme journey and save both the employer and pension scheme, where possible.

Read the briefing note

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