Buy-out of Pension Protection Fund Benefits & Scheme Wind-up

 

Client

Airline supplier

 

Objectives

  • Help an employer that was struggling to meet its UK pension obligations

Solution

Following the compromise of a Scheme's debt by the employer (cleared by The Pensions Regulator), the Scheme entered a PPF assessment period.  As the Scheme was funded above PPF benefits, a ‘light touch’ assessment process was agreed.  

 

This allowed us to organise a buy-in of benefits in excess of PPF-levels during the assessment period. After the scheme exited the PPF, we helped convert the buy-in into a buy-out and wind up the scheme.

Want to know more?

Contact PSIT:

Call: 0118 918 5469