Archive for April 2008

Brian Spence

Ostriches are notorious for burying their head in the sand when danger approaches and company directors need to be vigilant to ensure that they guard against replicating this type of behaviour in their Boardroom.   Only an ostrich can have failed to notice a rise in the importance of company pension schemes to corporate activity and the commensurate increased role of pension scheme Trustees.  Given the introduction of scheme specific funding and the risk based approach adopted by the new Pensions Regulator I can only see the level of Trustees’ corporate involvement increasing so any degree of optimism that it can be ignored as a passing issue is undoubtedly misplaced. Read more »

Brian Spence

When in comes to lending money to a business or financing a corporate transaction it’s pretty important to be able to get a good feel for its value to identify the risk exposure.  There’s certainly a huge amount of information available from a variety of sources but for most the starting point is a set of company accounts which will provide a reasonable picture of a companies finances, but can you rely on the figures where a company currently offers or historically offered a final salary pension scheme. All too often lenders are prepared to accept what they are told about pensions without further research and this can be a dangerous approach. Read more »

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