Corporate transactions and restructuring

Failure to take adequate care of pension arrangements in a corporate transaction can turn a good purchase into a costly mistake. Whilst pension issues often represent a significant part of a transaction, with the right support they need not be a deal-breaker. Our dedicated team, Punter Southall Transaction Services, can provide succinct, commercial advice to vendors, purchasers, and other corporate entities ensuring any sale, purchase or restructuring runs smoothly and pension liabilities are effectively managed.
 

 Overview

 
Punter Southall Transaction Services can:
  • undertake full international pension due diligence
  • find the best pension solution to maximise value or minimise loss in a corporate transaction
  • negotiate with the pension scheme trustees and target company to provide clarity and certainty on future pension commitments
  • advise on implications of a proposed restructuring or refinancing, and ensure the pension scheme is managed in tandem with any of these corporate activities
  • assist purchasers propose tailored investment strategies to trustees for existing defined benefit pension schemes
  • help investigate ways of minimising and managing the risk and costs associated with defined benefit pension schemes in advance of sale
  • structure post-acquisition solutions for clients including establishing new pension arrangements
Our Transaction Services team has strong private equity relationships, providing advice to more than 25% of London-based firms. To visit the Punter Southall Transaction Services website, please click here.

 

 Insights and views

 
    Pension scheme levies 2016/17
    21 June 2016

    ​Pension schemes are subject to a number of different levies. This briefing note collates previously published information to help schemes understand how much they can expect to pay in 2016/17.

    Read full briefing note here

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    Scheme funding: the regulator’s ninth analysis
    21 June 2016

    ​In June 2016, the Pensions Regulator (TPR) published its ninth annual analysis of valuations and recovery plans, covering valuations with an effective date falling in the year to 21 September 2014. The analysis covers scheme demographics, assumptions used and details of recovery plans.

    Read full briefing note here

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    Does British Steel consultation open up Pandora’s box?
    8 June 2016

    ​On 26 May 2016, the Department for Work and Pensions (DWP) issued a consultation setting out a range of radical options that could potentially help the British Steel Pension Scheme (BSPS). Whilst the consultation is apparently only focused on the BSPS, it opens up the question of whether similar options could be made available to any pension scheme with a weak employer. Some of the options proposed could also have implications for PPF levy payers.

    Read full briefing note here

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    Revised draft DC Code of Practice and Guidance
    25 May 2016

    ​On 9 May 2016, the Pensions Regulator’s (TPR’s) revised defined contribution (DC) Code of Practice was laid before Parliament, where it will remain for 40 days before coming into force in July. At this point, TPR will publish final versions of its ‘how to’ guides which support the new Code, together with its revised compliance and enforcement policy.

    Read full briefing note here

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    Queen’s Speech: Pensions Bill announced
    18 May 2016

    ​As had been expected, today (18 May 2016) saw the announcement of a Pensions Bill following the Queen’s Speech. Slightly disappointingly, Her Majesty did not actually mention it in the speech itself, although she did refer to the Lifetime Savings Bill which will provide the legislative framework for the Lifetime ISA.

    Read full news alert here

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    Visit the Industry Insights page for news and views on the latest industry developments
 

 Events

 
    Speak to us

    Speak direct to our specialists in this area
    Richard Jones
    Principal
    Or call us on
    020 3327 5000