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.


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 Discount Rates – Benchmark your assumption with your peers
    7 October 2015

    ​These are turbulent times for investment returns and pension scheme deficits. In this quarter’s bulletin, we provide focus on end-of-September accounting assumptions for sponsors’ annual disclosures at 30 September 2015. There are also plenty of other considerations for sponsors before the year is out and this bulletin highlights many of these issues.

    Read full bulletin here

    Read more
    New regulatory guidance on employer covenant
    2 October 2015

    ​In August 2015, the Pensions Regulator published new guidance entitled “Assessing and monitoring the employer covenant”. In this insight, we consider the key messages of the new guidance and what it means for trustees and sponsoring employers.

    Read full briefing note here

    Read more
    Will FRS 102 increase your PPF levy?
    16 September 2015

    ​The size of your PPF levy is influenced by the insolvency risk of the sponsoring employer. This insolvency risk is assigned by Experian which takes information from the employer’s financial accounts. The switch to accounting standard FRS 102 for pension accounting this year could worsen the balance sheet and hence increase the PPF levy.

    Read full bulletin here

    Read more
    Aligning PIPs with the tax year
    10 September 2015

    ​In his summer Budget on 8 July 2015, the Chancellor of the Exchequer announced that the period over which pension savings are assessed for annual allowance (AA) purposes (the pension input period or PIP) would be aligned with the tax year, as part of further restrictions on the AA. This briefing note looks at the consequences of this change.

    Read full briefing note here

    Read more
    Tapering the annual allowance
    10 September 2015

    In the first Conservative-only Budget for nearly two decades, the Chancellor announced that the annual allowance (AA) would be tapered down for high earners from 6 April 2016. This note looks in detail at how the taper is calculated and when it will apply.

    Read full briefing note here

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


    Speak to us

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