Public sector outsourcing
Taking on ex-public sector employees usually means taking on their existing pension and redundancy rights. Consequently, employers can end up saddled with unanticipated costs.

Before tendering for outsourcing work, or making an acquisition involving ex-public sector employees, it is important to understand the potential risks to your business arising from pension and redundancy rights.

Punter Southall’s extensive experience includes overseeing pensions transfers of ex-public sector employees from the Principal Civil Service Pension Scheme (PCSPS), the NHS Pension Scheme (NHS Scheme) and the Local Government Pension Scheme (LGPS). We also advise clients on obtaining and maintaining ‘Admission Body’ status under various LGPS funds.
 

 Overview

 
Our specialist public sector outsourcing knowledge means we carry out due diligence quickly and efficiently, allowing employers to form a view of pension risks at an early stage.

We can help:

  • assess risks associated with transferring pensions and redundancy liabilities
  • model future pension costs and risks
  • decide the impact that pension requirements should have on overall contract price
  • select the most suitable option for meeting the Government’s ‘Fair Deal’ requirements and obtain certification from the Government Actuary’s Department (GAD)
  • minimise any funding deficit by negotiating the best bulk transfer terms
  • negotiate appropriate protection against unforeseen future pensions costs
  • manage your ongoing pension risks during and at the end of each contract period

To hear about recent examples where Punter Southall has helped companies with public sector outsourcing, please contact us.
 
 

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    Speak to us
    Speak direct to our specialists in this area
    John Prior
    Principal, Wokingham
    Email John
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    020 7839 8600