Working with your trustees

​This could be in situations such as:

  • reviewing or closing company pension schemes
  • controlling the cost of member options
  • controlling operational risk


​We can help you:
  • understand your scheme’s investment strategy and the options available to your trustees - for example, reducing pension scheme funding volatility through investing in alternative assets or using investment products to safeguard against large drops in equity markets
  • prepare for negotiation with scheme trustees on the future funding of the current pension arrangements
  • effectively present the strength of your employer covenant to your scheme trustees, and negotiate with them on covenant-related issues
  • ensure your pension scheme works for your high earning individuals, with the latest developments in the annual and lifetime allowances handled correctly
  • present a business case to trustees and employees when scheme changes are required, which engages them in the process
  • consult with your scheme trustees when considering a liability reduction exercise to help de-risk your pension scheme


 Insights and views

    Autumn Statement 2015: no news is good news?
    25 November 2015

    ​It was a relatively quiet autumn statement (25 November) in terms of pensions, with the Chancellor, so far, keeping his promise to announce the outcome of the recent Treasury consultation on possible major reforms of the current system of pensions tax relief in next year’s Budget.

    Read full news alert here

    Read more
    Pensions taxation: Will you be ready for 6 April 2016?
    12 November 2015

    ​6 April 2016 is yet another milestone date for the taxation of pensions. It will see a further reduction in the lifetime allowance (from £1.25 million to £1 million), following hot on the heels of earlier reductions in April 2012 and 2014.

    Read full article here

    Read more
    Auto-enrolment: three years on
    3 November 2015

    ​October 2015 marked the third anniversary of the formal introduction of the new employer duties. In this note, we review developments over the last year and look forward to what we can expect in the future.

    Read full briefing note here


    Read more
    PPF consults on 2016/17 levy
    16 October 2015

    ​On 21 September 2015, the Board of the Pension Protection Fund (PPF) published a consultation document on possible changes to the 2016/17 levy. Only minor changes are proposed and the consultation closes on 22 October 2015.

    Read full briefing note here

    Read more
    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

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    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
    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
    Neil Lalley
    Head of Employer Services
    Or call us on
    020 3327 5000