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