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A B C D E F G H I J K L M N O P R S T V W Y

Scheme deficit reduction strategies

Scheme deficit reduction strategies

There are things that a scheme’s sponsor and trustees can do to reduce the costs of supporting a pension scheme that stop short of outright closure or winding-up.  Sometimes these are carried out after a scheme has closed so that benefits are no longer built up, but they can, if the circumstances are right, be used at any stage.

The options include buy-out and buy-in exercises,  enhanced transfer value or trivial commutation exercises.

All need to be handled with care, particularly when a member is being asked to give up his or her rights in the scheme in exchange for something in return.  We have wide experience and expertise in helping employers and trustees of pension schemes to make sure that they get this right.

Useful Downloads

Pensions Leaflet