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26th May 2021

Administration Contract Transition

Many trustees are understandably nervous to change administrators.  Trustees come and go from trustee boards and the administrators are often the “glue” which holds the long-term knowledge about a pension scheme.  The reality is that no pension scheme should be

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26th May 2021

Buy out

We also have experience of Buy out contracts.  In one case, the company was in danger of insolvency unless its bankers agreed a debt for equity swap.  The banks would not proceed with the transaction unless the pension scheme was bought out completely.  We rec

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26th May 2021

Buy in

We have experience of Buy in contracts.  For one scheme, the pensioners were all secured with a household name insurance company via a Buy in policy.  The process involved cleaning the data; securing competitive quotes; matching the investment strategy and agreeing the exe

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26th May 2021

Trade Sale

We have experience of a competitor buying the sponsoring employer of a pension scheme.  The new owner wanted to close the pension scheme to future accrual as well as increase significantly debt secured on the business.  The closure consultation was a matter for the

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26th May 2021

Private Equity.

We have experience of leveraged transactions including negotiation of mitigation packages.  In a recent deal, Private Equity wanted to invest in the sponsoring employer via a combination of equity and significant increased debt.  We negotiated a mitigation package which in

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14th May 2021

Admin Challenges

All a successful Trustee needs to do is meet three little tests… pay the right people the right pensions at the right time! If these tests are met, then the job is done well.

Pay the Right People

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