Pension scheme wind up and deficit management
We provide wind up services to trustees and employers of both defined benefit and defined contribution occupational pension schemes, together with deficit management strategies for defined benefit arrangements. Full consultancy advice is provided together with support administration services to the level required.
We have specialised in this field for more than 15 years. In addition, Smith & Williamson Trust Corporation Limited (S&WTC) acts as Corporate Trustee. It is registered on The Pensions Regulators panel of Independent Trustees.
How we can help
We tailor our services and advice to meet the specific objectives of each client. This reduces the burden on the trustees/employer.
Our wind up and deficit management services include:
- project plan/time-table
- consultancy and administration services through the wind up process
- advice on all legislative requirements through to conclusion of the wind up
- member data reconciliation
- recommendation report to the Trustees of the pension scheme on a default option
- default investment option strategies
- member communications/presentations (if required)
- defined benefit deficit management products, including the purchase of deferred annuities
Our clients
Typically we act for small to medium sized enterprises or for trustees of registered pension schemes with less than 1,000 members.
We have undertaken project management and wind up and implementation of alternative pension provision for a number of medium sized employers with multinational ties particularly in the financial services arena.
Our experience
We assist pension scheme trustees in managing the pension fund deficit via investment strategies and the purchase of annuities outside the fund.
Smith & Williamson Trust Corporation Limited also continues to obtain regular appointments from The Pension Regulator, a number of which may fall into the Pension Protection Fund.
Contact us
For more information, please contact Peter Maher or Julia Ridger.
