As well as providing advice to Trustees we also advise Employers on their pension arrangements.
Set out below are some of the areas where we continue to assist employers in relation to their pension commitments:
- Scheme closure.
- Benefit Design Reviews.
- Switch from DB to DC including all aspects of new scheme design, investment options and provider selection, GPPs.
- Managing PPF Levy.
- Employer advice as part of the triennial funding negotiations with Trustees.
- Formulation of decommissioning strategy for legacy DB schemes.
- Accounting disclosure requirements (FRS17, IAS19 etc).
- Employer advice on appropriate investment strategies for the Trustees to consider which meet the employer’s risk appetite.
- Cost and Risk Reduction and Liability Management Projects.
Where sensitive issues such as scheme closure or benefit reductions are being discussed, we can use our separate London and Sheffield offices to ensure confidentiality. One office can be involved in advising the trustees, whilst the other office can advise the employer (often with a different consultant and/or actuary involved). This provides client confidentiality and is a good way of managing potential conflicts, but allows costs to be contained since the scheme background and (if necessary and authorised) scheme data and often valuation results can be shared.