ITS is on the Trustee Advisory Panel of the Pension Protection Fund (“PPF”), the government lifeboat for DB schemes, for both pre and post-insolvency work.
We have successfully taken more than 100 schemes through the PPF Assessment process, whether as a result of insolvency or a managed entry. We are very aware that this can be a distressing time for the members affected and we are used to delivering uncomfortable messages tactfully, but firmly.
A scheme entering assessment does not necessarily mean that the PPF will eventually take responsibility for it. We have managed to secure “better than PPF” outcomes for several schemes up to as much as 138% of PPF levels.
As well as acting as trustee for such cases we are also happy to assist trustee boards in a project management capacity without being formally appointed as a trustee.
WANT TO FIND OUT MORE?
For more information on our PPF Assessment services, speak to Helen Frisby or see our Case Studies.
23.5.20 | News and Views
Independent Trustee Services (ITS) is delighted to announce that it has been appointed to the new Pension Protection Fund (PPF) Trustee and Support Services Panel following a rigorous selection process.
24.4.21 | News and Views
Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.
07.1.21 | News and Views
Pace, the Co-op pension scheme, kicked off 2020 by announcing two £1bn pensioner buy-ins. These were swiftly followed by two further buy-ins valued at £750m.
If you are a member of one of the pension schemes we act on behalf of as a trustee, or your enquiry relates to one, please contact Eden Maggs.
If you are interested in finding out more about the services we provide, or in joining the ITS team, please contact Ian Terry.
4th Floor, Cannon Place
78 Cannon Street
London
EC4N 6HL
+44 (0) 7901 366 509 (Eden Maggs)
+44 (0) 7788 491 582 (Ian Terry)
