Pensions Management

Services

Advice on the impact of pension provisions on corporate finance and treasury activities:

  • Mitigation required for change in employer covenant (e.g. for s38 PA04 Clearance)
  • Cost-effective financing of pension scheme deficits (e.g. Part 3 PA04)
  • Structured transactions to reduce the risk of trapped cash

Analysis of Liability Driven Investment (LDI) and asset/ liability mismatch for companies, pension scheme trustees and their advisers.

Projects

Headed the Corporate Risk Management practice of The Pensions Regulator (TPR), responsible for granting Clearance under s38 PA04. Reviewed risks in the relevant corporate finance transactions compared with the mitigation offered. Worked with all parties to facilitate appropriate resolution.

Managed TPRs Scheme Specific Funding practice’s review of valuations and recovery plans received under Part 3 PA04. Updated primary assessment and prioritisation of schemes for key business risk factors. Sought relevant changes to policies and guidance. Facilitation of agreement on key FTSE-100 and high risk schemes.

Links to Clients

The Pensions Regulator
Regulation of work-based pension schemes

HHG PLC (now Henderson)
Fund management and life assurance

Baring Asset Management
Fund management

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