Managing a large pension scheme through the PPF (Pension Protection Fund) assessment process after a well-known pottery group’s insolvency
We conducted a comprehensive assessment of the scheme (which
had over £200 million in assets and 7,000 members). This assessment included:
Data and benefit audits
GMP (Guaranteed Minimum Pension) reconciliation of over 10,500 records
Discharge and wind up of a large DC (Defined Contribution) section.
Happily, our work resulted in the scheme being successfully transferred to the PPF.