New Pension Scheme Establishment

 

Client

Automotive dealership

 

Objectives

  • Establish a new DB (Defined Benefit) scheme

  • Transfer-in part of an existing industry-wide scheme to provide participating employer with greater investment freedom

  • Agree new valuation assumptions and investment strategy​

Solution

As trustee, we project managed the scheme’s establishment and quickly put into place a compliant governance structure, including the early appointment of Member Nominated Trustees.

 

We kept members fully informed throughout the process.  We also worked with the administrators - of both the new and existing scheme - to ensure a seamless handover where members did not notice any change to the payment of their benefits. 

 

Careful consideration of all aspects of the project at the outset allowed us to implement an investment strategy in a timely manner and even set the assumptions for the scheme’s next actuarial valuation.

 

We’re proud to say that all of the client’s objectives were met within the agreed timeframe and budget.  

Want to know more?

Contact us:

Call: 0845 313 0024