Client feedback


The work that has been done has been delivered beyond expectations.
Head of Trustee Services
When requesting information by email, I have noticed that there is 'out of hours activity' to answer me. I regard this as a stand out 'above and beyond' - impressed.
​We are extremely pleased with the appointment we made. The way Ian and Kerry react to us and work with us is brilliant. We are very happy.
Katherine Breading,
Tyser
​They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.
Paul Rudd,
Express Newspapers
Very professional and engaged service.
Danny Nussbaum,
HR Director, Volvo
PSIT was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
image for Pensions Regulator clearance applications | clearance applications

Clearance applications

Whether you’re undergoing a corporate transaction or another event could affect your DB pension scheme, obtaining a Pensions Regulator clearance statement is rarely a straightforward process.


There are many situations where you may consider using the Pensions Regulator’s clearance process - especially those that may be of material detriment to your defined benefit (DB) pension scheme and its member. These include:

  • a change in the pension scheme sponsoring employer's financial status or weakening of the employer covenant - caused by events such as a return of capital, share buy backs, changes in the level of security for creditors, sale and leaseback transactions etc
  • pension scheme funding and pension deficit reduction negotiations
  • corporate transactions - including merger, acquisition and divestiture, as well as dealing with proposed compromise arrangements
  • group re-structure, merger of employers or replacement of a participating employer
  • pension scheme amendments - such as changes to the level of future benefit accrual
  • pension scheme mergers
  • introducing a new pensions investment strategy
  • phoenix events following sponsoring employer insolvency

Typically, when a Pensions Regulator clearance application is being made, pension trustees and the scheme sponsor are likely to be in a position of disagreement and potential conflict. PSIT's experience as professional independent trustees, and trained mediators, together with our close working relationship with the Pensions Regulator, mean we can steer you through the clearance process and come to agreement quickly and efficiently, no matter how complex your situation is.

If you would like to find out more about how we can help you with your Pensions Regulator clearance application, please contact us.

Speak direct to our specialist in this area

Picture of James Double independent trustee at PSIT

James Double

Client Director

Or call us on:

0845 313 0024

Read more

PSIT news

PSIT scoops Independent Trustee of the Year title at UK Pensions Awards

PSIT opinion

Professional trustee v independent trustee – is there a difference?

PSIT brochure

An overview of PSIT and our services

Award winners

Independent Trustee Firm of the Year UK pensions Awards Independent trustee firm of the year

Call: 0845 313 0024

online enquiry