Wind Up
Either by choice or necessity, wind up is the ultimate solution for any closed scheme. Our specialist consultancy team have many years experience in helping employers and trustees navigate through the wind up process.
Our highly experience pensions specialists offer a complete service from when wind up is first triggered through to when the pension scheme trust is wound up. Some of the main features of our wind-up service are:
- All aspects of member communication and communication with appropriate regulatory bodies
- Advising on practical issues such as data cleansing, tracing beneficiaries and pensioner existence checks to make the buyout process smoother
- All actuarial and administrative aspects including benefit calculations
- Handling the insurer quotation process, including condensing detailed quotations into “like for like” simple summaries for trustees
- Practical assistance to help trustees manage price negotiations with insurers
- Providing scheme-specific information to the insurer – for example recent mortality experience – where this will enable the insurer to reduce the margins loaded into their price
- Experience of the wind-up process from start through to finish, including the implications of recent legislation on wind-up.
