- Client services
- Corporate & Commercial
- Private Client & Family
- Banking & Finance
- Insurance
- Litigation
- Employment & Pensions
- Compromise Agreements
- Directors Duties
- Employment Contracts
- Employment Litigation
- Employment Law Training
- Insured Litigation
- Work Place Discrimination
- Ongoing Advice
- Pension Scheme Compliance
- Managing Funding and Related Risk
- Pensions Disputes and Litigation
- Scheme Mergers, Reconstructions and Terminations
- SIPPs and other Small Schemes
- Real Estate
- Training
Sign up for our newsletter
Managing Funding and Related Risk
In addition to compliance the majority of UK defined benefit pension schemes have funding deficits and as such a variety of techniques have been developed to limit or manage funding deficits and funding volatility and new options are now available in the market.
Our experience of advising trustees and employers in managing funding costs and risk includes the following:
- Closing schemes to future accrual
- Changing benefit structures such as from final salary benefits to CARE or retirement balance arrangements and reducing accrual rates
- Enhanced transfer value exercises
- Pensions increase exchanges
- Buy-in or buy-out or other funding vehicles available in the market
A range of legal and regulatory issues will need to be addressed in implementing a risk management project whilst maintaining security of members’ benefits. These can include ensuring scheme amendments are made correctly and addressing any limitations on the scheme amendment power, consultation requirements, the employment law aspects and relevant guidance from the Pension Regulator.
Our approach is to guide our clients through the process working closely with their other advisers and assisting with any negotiations with a view to achieving the desired outcome. Our Pensions team have a full range of experience in these projects from providing legal input when required to project management.
Your Contacts
Martin Jenkins
National Head of Pensions
DD +44 (0)191 233 9758
M +44 (0)7739 819 818
Add vCard View Biography