A trustee board will sometimes need some assistance to help them through a particular issue, for example, during a period of heightened sensitivity such as a scheme closure, wind up or a difficult valuation exercise where it has become apparent that the sponsor/ trustee relationship has room for improvement.
Occasionally, there may be challenges which are completely unexpected, such as misappropriation of scheme assets and money laundering, which mercifully are rare. A solution to short term issues and special situations is to appoint an independent trustee on an interim basis to help the trustee board work through its current challenges.
We have held a number of such appointments, stepping back on the successful conclusion of the project or often being retained on a longer-term basis.
For more on this special service, speak to Hetal Kotecha or see our Case Studies.
Where a company restructures (through choice or circumstance) or is engaging in merger, acquisition or fund raising and financing activity there can be a significant impact on the employer covenant supporting the pension scheme.
These situations are complex, far from business as usual and are generally periods of very intensive activity. We have extensive experience in negotiating mutually agreeable outcomes, in these areas, for scheme members and sponsors alike.
For more on our Transactional / Restructuring service, speak to Chris Martin or see our Case Studies.
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)
