Increased focus on DC governance is leading many employers to consider winding up peripheral DC schemes
We have a clear understanding of the wider issues facing schemes and employers, and the particular challenges that medium and small sized schemes face, such as a lack of in-house resource and limited budgets for advisers’ fees.
We are able to advise on all aspects of DC winding up, tailoring our recommendations to each scheme’s requirements and delivering workable solutions. Our advice covers discharging benefits, managing the transfer so that risks are minimised and members’ interests protected, as well as safeguarding tax protections to ensure that members can continue to benefit from enhanced and fixed protection. Our experience in this area means we are quick to spot any potential obstacles to an efficient winding up at an early stage.
We also work with trustees and employers to identify solutions for ongoing trustee protection including indemnities and insurance that are acceptable to both parties.
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